The ex-dividend date for Textron (NYSE:TXT) is tomorrow, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.49 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, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.49 as of 9:31 a.m. ET, the dividend yield is 0.3%. The average volume for Textron has been three million shares per day over the past 30 days. Textron has a market cap of $7.48 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 8.6% 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 13.7, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. 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. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..