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

Textron Inc. (NYSE:TXT) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, June 12th will be given a dividend of 0.02 per share by the aerospace company on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 12th.

Textron has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Textron to earn $7.33 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 Stock Performance

NYSE:TXT opened at $93.13 on Wednesday. The stock’s 50-day simple moving average is $90.63 and its 200 day simple moving average is $90.90. Textron has a twelve month low of $75.75 and a twelve month high of $101.57. The firm has a market capitalization of $16.19 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts anticipate that Textron will post 6.6 EPS for the current fiscal year.

Textron Company Profile

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.