SOURCE: The Bedford Report

The Bedford Report

January 27, 2011 08:46 ET

Conglomerate Dividends Come Into Question

The Bedford Report Provides Analyst Research on Textron & United Technologies

NEW YORK, NY--(Marketwire - January 27, 2011) - Dividend paying companies are attracting a lot of attention right now. Investors usually count on dividend paying stocks during hectic times in the market, believing in the company's security and real earnings power. Additionally, when interest rates get as low as they currently are, the return on dividends can far exceed that of bonds. Conglomerates have traditionally paid steady dividends, however during the financial meltdown most had substantially reduced, or altogether cut, their dividend payments. While some companies once again started boosting dividend payments, others do not appear ready to increase shareholder return. The Bedford Report examines the outlook for companies in the Conglomerates Industry and provides research reports on Textron, Inc. (NYSE: TXT) and United Technologies Corporation (NYSE: UTX). Access to the full company reports can be found at:

Despite reporting a return to profit, Textron saw its share price stumble after reporting earnings. For the most recent quarter Textron posted adjusted earnings of 33 cents a share, up substantially from a loss of $63 million, or 23 cents, a year earlier. For 2011, Textron expects to generate earnings from continuing operations of $1 to $1.15 a share on revenue of around $11.7 billion.

Presently Textron pays an annual dividend of 8 cents for a yield of about 0.32 percent. 

The Bedford Report releases regular market updates on the Conglomerates Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Yesterday morning United Technologies said it earned $1.25 billion, or $1.31 a share in the most recent quarter, compared with $1.17 billion, or $1.15 a share, in the year-earlier period. For 2011,United Technologies sees $5.05 to 5.35 EPS versus $5.33 consensus estimates and it sees 2011 revenues of $56 to 57 billion versus $56.93 estimates.

United Tech pays an annual dividend of 1.70 for a yield of around 2.10 percent.

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