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Textron (Textron) Dividend Payout Ratio : 0.01 (As of Dec. 2023)


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What is Textron Dividend Payout Ratio?

Textron's dividend payout ratio for the months ended in Dec. 2023 was 0.01.

The historical rank and industry rank for Textron's Dividend Payout Ratio or its related term are showing as below:

TXT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.05
Current: 0.02


During the past 13 years, the highest Dividend Payout Ratio of Textron was 0.05. The lowest was 0.01. And the median was 0.02.

TXT's Dividend Payout Ratio is ranked better than
97.71% of 131 companies
in the Aerospace & Defense industry
Industry Median: 0.32 vs TXT: 0.02

As of today (2024-04-25), the Dividend Yield % of Textron is 0.10%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Textron was 0.36%. The lowest was 0.08%. And the median was 0.17%.

Textron's Dividends per Share for the months ended in Dec. 2023 was $0.02.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Textron was 64.70% per year. The lowest was -55.70% per year. And the median was 6.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Textron Dividend Payout Ratio Historical Data

The historical data trend for Textron's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Textron Dividend Payout Ratio Chart

Textron Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.04 0.02 0.02 0.01

Textron Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.01 0.02 0.01

Competitive Comparison of Textron's Dividend Payout Ratio

For the Aerospace & Defense subindustry, Textron's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Textron's Dividend Payout Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Textron's Dividend Payout Ratio falls into.



Textron Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Textron's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2023 )/ EPS without NRI (A: Dec. 2023 )
=0.08/ 5.59
=0.01

Textron's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.02/ 1.6
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Textron (NYSE:TXT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Textron Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Textron's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Textron (Textron) Business Description

Traded in Other Exchanges
Address
40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.
Executives
R Kerry Clark director C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett director 6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Frank T Connor officer: Executive VP and CFO 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly officer: Executive VP and COO
Thomas A Kennedy director 870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Mark S Bamford officer: VP and Corporate Controller 40 WESTMINSTER STREET, PROVIDENCE RI 02903
E Robert Lupone officer: EVP, General Counsel and Secy 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Kathleen M Bader director 2030 DOW CENTER, MIDLAND MI 49640
Nowell Lionel L Iii director 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Julie G Duffy officer: Executive VP - Human Resources 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Deborah L James director 1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber director 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson officer: Executive VP, Human Resources 40 WESTMINSTER STREET, PROVIDENCE RI 02903