Textron Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Textron (NYSE:TXT) has announced a quarterly dividend of $0.02 per share on its Common Stock. This dividend will be paid on July 1, 2023, to shareholders of record by the close of business on June 9, 2023. Textron Inc. operates in multiple industries, leveraging its global network to offer innovative solutions across aircraft, defense, and industrial sectors. Known for brands like Bell and Cessna, Textron continues to maintain a strong market presence.

Positive

• Quarterly dividend of $0.02 announced, enhancing shareholder income.
• Dividends demonstrate company confidence in financial stability.

Negative

• None.

PROVIDENCE, R.I.--(BUSINESS WIRE)-- The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company’s Common Stock.

All dividends will be paid on July 1, 2023 to holders of record at the close of business on June 9, 2023.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006021/en/

Media Contact:

Michael Maynard 401-457-2362

Investor Contact:

Eric Salander 401-457-2288

Cameron Vollmuth 401-457-2288

Source: Textron Inc.

FAQ

What is the dividend amount declared by Textron (TXT)?

Textron has declared a quarterly dividend of $0.02 per share.

When will Textron's (TXT) dividend be paid?

The dividend will be paid on July 1, 2023.

What is the record date for Textron's (TXT) dividend?

The record date for the dividend is June 9, 2023.

How often does Textron (TXT) pay dividends?

Textron typically pays dividends quarterly.

Is the dividend from Textron (TXT) sustainable?

The declaration of the dividend indicates confidence, but sustainability depends on future financial performance.