The ex-dividend date for Textron (NYSE:TXT) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $30.61 as of 9:31 a.m., the dividend yield is 0.3%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Textron (NYSE: TXT) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $30.61 as of 9:31 a.m. ET, the dividend yield is 0.3%. The average volume for Textron has been 2.7 million shares per day over the past 30 days. Textron has a market cap of $8.28 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 23.8% year to date as of the close of trading on Monday. Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Textron Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.