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Textron Declares Quarterly Dividend

29 July 1999

Textron Declares Quarterly Dividend

    PROVIDENCE, R.I.--July 28, 1999--Textron's Board of Directors today declared a quarterly dividend of thirty-two and a half cents (32.5 cents) per share on the company's Common Stock.
    The Board of Directors also declared a quarterly dividend of fifty-two cents (52 cents) per share on Textron's $2.08 Cumulative Convertible Preferred Stock, Series A, and thirty-five cents (35 cents) per share on the company's $1.40 Convertible Preferred Dividend Stock, Series B.
    All dividends will be paid on October 1, 1999 to holders of record at the close of business on September 10, 1999.

    Textron Inc. is a $10 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial and Finance. Textron has a workforce of over 64,000 employees and major manufacturing facilities in 23 countries. Textron is among Fortune magazine's "America's Most Admired Companies," and Industry Week magazine's "Best Managed Companies." Additional information is available at www.textron.com.