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TEXTRON INCREASES QUARTERLY DIVIDEND 11 PERCENT

 PROVIDENCE, R.I., Feb. 24 /PRNewswire/ -- The board of directors of Textron Inc. (NYSE: TXT) today increased the company's quarterly common stock dividend to 31 cents a share from 28 cents a share, an increase of 11 percent.
 James F. Hardymon, chairman, president and chief executive officer said, "This dividend increase reflects Textron's improved earnings and cash flow in 1992 and our expectation that 1993 will be another good year."
 The board of directors also declared the regular quarterly dividend of 52 cents a share on the corporation's $2.08 Cumulative Convertible Preferred Stock, Series A, and 35 cents a share on the $1.40 Convertible Preferred Dividend Stock, Series B.
 All dividends will be paid on April 1, 1993 to holders of record at the close of business on March 13, 1993.
 Textron is a multi-industry company with operations focused in three business sectors -- Aerospace Technology, Commercial Products and Financial Services.
 -0- 2/24/93
 /CONTACT: Raymond W. Caine, Jr., vice president of corporate communications of Textron 401-421-2800/
 (TXT)


CO: Textron, Inc. ST: Rhode Island IN: SU: DIV

DJ -- NE010 -- 9990 02/24/93 14:43 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:188
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