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

Textron Inc. (NYSE:TXT) announced a quarterly dividend on Monday, August 3rd. Investors 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 yield of 0.1%. The ex-dividend date is Friday, September 11th.

Textron has a dividend 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%.

Textron Stock Performance

TXT opened at $86.34 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $90.85 and its two-hundred day moving average price is $91.92. The firm has a market capitalization of $14.85 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. Textron has a 12-month low of $76.45 and a 12-month high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron will post 6.5 earnings per share for the current 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.