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:

www.bedfordreport.com/2011-01-TXT

www.bedfordreport.com/2011-01-UTX

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 www.bedfordreport.com 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.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Contact Information