Textron Inc. (NYSE:TXT) will begin trading ex-dividend on December 10, 2020. The quarterly dividend payment of $ 0.02 per share is scheduled to be paid on January 1, 2021. The dividend yield based on the latest trading day closing price was 0.17 percent. Shareholders who purchased TXT shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Textron Inc. recently reported second quarter financial results on July 30, 2020, before market open, Aerospace/Defense Manufacturer unveiled income for the second quarter of $ 0.13 per share, from the revenue of $ 2,472.00 million. The quarterly earnings fell 86.02 percent while revenues dropped 23.40 percent compared with the same quarter last year.
Street analysts expected Textron Inc. recently reported second quarter financial results on July 30, 2020, before market open, Aerospace/Defense Manufacturer to report loss of $ 0.08 per share on revenue of $ 2347.12 million for the second quarter. The bottom line results beat street analysts by $ 0.21 or 262.50 percent, at the same time, top line results outshined analysts by $ 124.88 million or 5.32 percent.
Stock Performance
Shares of Textron Inc. traded up $ 0.46 or 0.96 percent on Tuesday, reaching $ 48.16 with volume of 944.60 thousand shares. Textron Inc. has traded high as $ 48.24 and has cracked $ 47.30 on the downward trend
According to the previous trading day, closing price of $ 48.16, representing a 135.44 % increase from the 52 week low of $ 20.26 and a 7.43 % decrease over the 52 week high of $ 51.53.
The company has a market capital of $ 11.02 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.
