Textron Inc. (NYSE:TXT) will begin trading ex-dividend on September 10, 2020. The quarterly dividend payment of $ 0.02 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 0.21 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Textron Inc. recently reported first quarter financial results on April 30, 2020, before market open, Aerospace/Defense Manufacturer outlined income for the first quarter of $ 0.35 per share, from the revenue of $ 2,777.00 million. The quarterly earnings declined 53.95 percent while revenues down 10.68 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.53 per share from $ 3066.27 million in revenue. The bottom line results missed street analysts by $ 0.18 or 33.96 percent, at the same time, top line results fell short of analysts by $ 289.27 million or 9.43 percent.
Stock Performance
Shares of Textron Inc. traded low $ -0.67 or -1.72 percent on Tuesday, reaching $ 38.27 with volume of 1.60 million shares. Textron Inc. has traded high as $ 38.76 and has cracked $ 37.63 on the downward trend
According to the previous trading day, closing price of $ 38.27, representing a 92.20 % increase from the 52 week low of $ 20.26 and a 26.35 % decrease over the 52 week high of $ 52.87.
The company has a market capital of $ 8.73 billion and is part of the Industrials sector and Aerospace & Defense industry.
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The companys Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.