Dividend.com: BlackRock Solid

Textron has recently benefited from increased overseas demand for its commercial aircraft, but the demand from emerging markets will almost surely slow, as the rest of the world is beginning to feel the effects of the economic slowdown we're experiencing in the U.S.

The company, like many others, is battling shrinking profit margins due to rising commodity costs. Textron's financial arm is also experiencing weakening credit performance.

Unfortunately, we don't see a catalyst on the horizon that could push Textron's stock price back up, which is currently seeing new 52-week lows. Its dividend yield is an uninspiring 2% (based on last night's close of $45.98). If dividend investors are looking for some measure of aerospace exposure, we would recommend General Electric (GE Quote) (with its potential spinoff catalysts) instead of the currently troubled Textron.

Bank of New York Mellon: Heading Lower

Bank of New York Mellon(BK Quote) gave us an earnings dud Thursday, when the company reported a 31% drop in earnings. BK blamed the drop on securities losses in the second quarter that totaled $152 million, and the bank took a pre-tax charge of $22 million for credit monitoring related to lost tapes in its Issuer and Treasury units. (Lost customer records? How does this happen?)

Given the backdrop of yesterday's rally in the financials, investors would be wise to use any further rallies here to lighten up on their holdings. BK's report was unimpressive at best, and the company's 2.51% dividend yield does not excite us enough to want to own the name at its current levels. Look for lower, sustained pricing as an entry point for owning this stock. Until this name sees any sort of sustained bottom, we do not feel comfortable recommending it.