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

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) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 11th.

Textron has a payout ratio of 1.2% meaning 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 Price Performance

Textron stock opened at $86.34 on Tuesday. 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 firm has a market capitalization of $14.85 billion, a P/E ratio of 16.29, a PEG ratio of 1.24 and a beta of 0.90. Textron has a one year low of $76.45 and a one year high of $101.57. The business has a fifty day moving average price of $90.85 and a 200-day moving average price of $91.92.

Textron (NYSE:TXT) last issued its quarterly earnings data 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 company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. Textron’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Textron will post 6.5 EPS 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.