The ex-dividend date for Textron (NYSE:TXT) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $25.70 as of 10:05 a.m., the dividend yield is 0.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Textron (NYSE: TXT) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $25.70 as of 10:05 a.m. ET, the dividend yield is 0.3%. The average volume for Textron has been 4.2 million shares per day over the past 30 days. Textron has a market cap of $6.01 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 43.4% year to date as of the close of trading on Monday. Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. Its Cessna segment manufactures business jets, single engine utility turboprops, single engine piston aircraft, lift solutions, and parts, as well as maintenance, inspection, and repair services. The company has a P/E ratio of 34.2, above the average aerospace/defense industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Textron as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full Textron Ratings Report. See our dividend calendar or top-yielding stocks list.