Textron's most recent quarterly dividend of $0.02 per share was on Mar 9, 2023 (ex-date). At an annualized rate of $0.08 per share, the stock yields 0.13%.
Textron's dividend yield of 0.13% is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.55%, Textron's dividend yield is 92% lower. The historical 5-year average of TXT's dividend yield is 0.2%, which is higher than the current one.
Textron has a history of paying dividends since 1994. Our records of TXT show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has decreased by 74% for the last year. And since the stock price has gone down by 4.6% from a year ago, the dividend yield has decreased by 73%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 9, 2023 | Apr 1, 2023 | Feb 22, 2023 | $0.02 | normal |
| Dec 8, 2022 | Jan 1, 2023 | Oct 26, 2022 | $0.02 | normal |
| Sep 8, 2022 | Oct 1, 2022 | Jul 26, 2022 | $0.02 | normal |
| Jun 9, 2022 | Jul 1, 2022 | Apr 27, 2022 | $0.02 | normal |
| Mar 10, 2022 | Apr 1, 2022 | Feb 23, 2022 | $0.02 | normal |
| Mar 3, 2022 | Mar 15, 2022 | Feb 10, 2022 | $0.25 | normal |
| Dec 9, 2021 | Jan 1, 2022 | Oct 27, 2021 | $0.02 | normal |
| Sep 9, 2021 | Oct 1, 2021 | $0.02 | normal | |
| Jun 10, 2021 | Jul 1, 2021 | Apr 28, 2021 | $0.02 | normal |
| Mar 11, 2021 | Apr 1, 2021 | Feb 24, 2021 | $0.02 | normal |
| Dec 10, 2020 | Jan 1, 2021 | Oct 28, 2020 | $0.02 | normal |
| Sep 10, 2020 | Oct 1, 2020 | Jul 27, 2020 | $0.02 | normal |
| Jun 11, 2020 | Jul 1, 2020 | Apr 29, 2020 | $0.02 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Feb 26, 2020 | $0.02 | normal |
| Dec 12, 2019 | Jan 1, 2020 | Oct 23, 2019 | $0.02 | normal |
| Sep 12, 2019 | Oct 1, 2019 | Jul 23, 2019 | $0.02 | normal |
| Jun 13, 2019 | Jul 1, 2019 | Apr 24, 2019 | $0.02 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Feb 27, 2019 | $0.02 | normal |
| Dec 13, 2018 | Jan 1, 2019 | Oct 24, 2018 | $0.02 | normal |
| Sep 13, 2018 | Oct 1, 2018 | Jul 24, 2018 | $0.02 | normal |
| Jun 14, 2018 | Jul 1, 2018 | Apr 25, 2018 | $0.02 | normal |
| Mar 9, 2018 | Apr 1, 2018 | Feb 28, 2018 | $0.02 | normal |
| Dec 14, 2017 | Jan 1, 2018 | Oct 25, 2017 | $0.02 | normal |
| Sep 14, 2017 | Oct 1, 2017 | Jul 25, 2017 | $0.02 | normal |
| Jun 7, 2017 | Jul 1, 2017 | Apr 26, 2017 | $0.02 | normal |
| Mar 8, 2017 | Apr 1, 2017 | Feb 22, 2017 | $0.02 | normal |
| Dec 7, 2016 | Jan 1, 2017 | Oct 26, 2016 | $0.02 | normal |
| Sep 7, 2016 | Oct 1, 2016 | Jul 26, 2016 | $0.02 | normal |
| Jun 8, 2016 | Jul 1, 2016 | Apr 27, 2016 | $0.02 | normal |
| Mar 9, 2016 | Apr 1, 2016 | Feb 24, 2016 | $0.02 | normal |
| Dec 9, 2015 | Jan 1, 2016 | Oct 21, 2015 | $0.02 | normal |
| Sep 9, 2015 | Oct 1, 2015 | Jul 21, 2015 | $0.02 | normal |
Textron's payout ratio of 2% is below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 27.9%, Textron's payout ratio is 93% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LMT Lockheed Martin Corp | 2.6% | $11.8 | 53.9% |
| GD General Dynamics Corp | 2.44% | $5.1 | 41.3% |
| SPR Spirit AeroSystems Holdings Inc | 0.14% | $0.04 | N/A |
| TXT Textron Inc | 0.12% | $0.08 | 2% |
Yes, Textron has paid four dividends in the last 12 months. TXT has been paying dividends since 1994.
TXT's next dividend date is Jun 8, 2023 (ex-date).
Textron's last dividend ex-date was on Mar 9, 2023. The dividend amount was $0.02 per share.
TXT has paid dividend of $0.08 per share in the last year.
Currently Textron's dividend yield is 0.13%.
Textron has a quarterly dividend frequency.
The dividend payout ratio of Textron is 2%.
Textron's dividend yield is lower than the Industrials sector average.