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Textron Declares Quarterly Dividend

24 May 2000

Textron Declares Quarterly Dividend

    PROVIDENCE, R.I.--May 24, 2000--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 July 1, 2000 to holders of record at the close of business on June 15, 2000.
    Textron Inc. is an $11.6 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies." Additional information is available at www.textron.com.