Textron Inc. (NYSE:TXT) is among the 10 Best Aerospace Dividend Stocks to Buy. It has been consistently paying out quarterly dividends for well over three decades, according to records available on the company’s website.
On February 24, the Board of Directors approved a quarterly dividend of $0.02 per common share to all stockholders on record at the close on March 13. The payment is due on April 1. As of the close of business on March 9, the company has a dividend yield of 0.085%.
In other news, Textron Inc. (NYSE:TXT) continues to remain on analysts’ radar. Recent updates include Bernstein analyst Douglas Harned on February 19 lifting the price target on the stock to $108 from $94, while maintaining a Market Perform rating.
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Harned noted the recent slump in share price after the company missed earnings estimates for Q4. He believes the market overreacted and that the stock is now recovering. Moreover, the Bernstein analyst added that while Textron Inc. (NYSE:TXT) missed the EPS consensus, it was able to comfortably surpass Wall Street’s expectations for revenue.
As of the close of business on March 9, the stock sports a Hold rating based on the recommendations of nine analysts. It has an average share price upside potential of 6%.
Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries, through its six business segments: Bell, Textron Aviation, Textron eAviation, Textron Systems, Industrial, and Finance.
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