Textron Inc. (NYSE:TXT) Declares Quarterly Dividend of $0.02

Textron Inc. (NYSE:TXT) 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) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th.

Textron has a dividend payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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%.

Textron Price Performance

Shares of TXT opened at $86.34 on Tuesday. The business has a 50-day moving average of $90.85 and a 200-day moving average of $91.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. Textron has a 1 year low of $76.45 and a 1 year high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron will post 6.5 earnings per share for the current year.

About Textron

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.