Textron Inc. (TXT) to Issue Quarterly Dividend of $0.02 on October 1st

Textron Inc. (NYSE:TXT – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, September 11th will be paid a dividend of 0.02 per share by the aerospace company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th.

Textron has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Textron to earn $7.32 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 1.1%.

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Textron Price Performance

NYSE:TXT opened at $89.12 on Wednesday. Textron has a 52 week low of $76.45 and a 52 week high of $101.57. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.25 and a beta of 0.91. The firm’s 50-day simple moving average is $90.78 and its 200 day simple moving average is $91.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

Textron (NYSE:TXT – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts predict that Textron will post 6.5 earnings per share for the current year.

About Textron

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Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.

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