Textron Inc. (NYSE:TXT – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.02 per share by the aerospace company on Wednesday, January 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%.
Textron has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Textron to earn $6.98 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 Textron stock traded down $0.63 during mid-day trading on Wednesday, reaching $86.92. 323,222 shares of the stock were exchanged, compared to its average volume of 1,061,869. The company has a current ratio of 1.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23. Textron has a fifty-two week low of $74.13 and a fifty-two week high of $97.33. The firm has a 50-day simple moving average of $87.92 and a 200 day simple moving average of $88.24.
Wall Street Analysts Forecast Growth
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About Textron
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.
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