Textron Inc. (TXT) To Go Ex-Dividend on March 13th

Textron Inc. (NYSE:TXT) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 13th will be given a dividend of 0.02 per share by the aerospace company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, March 13th.

Textron has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Textron to earn $6.68 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 1.2%.

Textron Price Performance

Shares of NYSE:TXT opened at $96.70 on Thursday. Textron has a 1-year low of $57.70 and a 1-year high of $101.57. The stock has a market cap of $16.84 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The stock’s fifty day simple moving average is $92.97 and its two-hundred day simple moving average is $85.98. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron will post 6.12 EPS for the current fiscal 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.