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#RTX #Stocks πŸ‡ΊπŸ‡Έ RTX Corp. (RTX) shares are currently priced around $82.60.

In early fall, a flaw was identified in aircraft engines from Pratt & Whitney, a division of the corporation. This led major A320-operating airlines to conduct tests on a portion of their fleets. Pratt & Whitney is actively monitoring the situation, expressing confidence that not all A320 aircraft are affected, mitigating potential significant losses.

πŸ“° Despite these challenges, RTX maintains financial stability, evident in the regular payment of dividends, annually adjusted. The board of directors has approved a dividend of $0.59 per share on December 14, equating to a quarterly yield of 2.93%. Additionally, RTX has initiated a new $10 billion share repurchase program, funded through a mix of short-term and long-term debt.

πŸ“ˆ Analysts are optimistic, recommending the purchase of RTX shares with a target price of $90.

#StockMarket #Investing