Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

4K characters. Original on sec.gov · Markdown

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

The principal market on which our common stock is traded is the New York Stock Exchange under the symbol “TXT.” At December 29, 2012, there were approximately 12,500 record holders of Textron common stock. The high and low sales prices per share of our common stock as reported on the New York Stock Exchange and the dividends paid per share are provided in the following table:


	High		Low		Dividends per Share		High		Low		Dividends per Share
First quarter	$	28.29	$	18.37	$	0.02	$	28.87	$	23.50	$	0.02
Second quarter	29.18		21.97		0.02		28.65		20.86		0.02
Third quarter	28.80		22.15		0.02		25.17		14.66		0.02
Fourth quarter	26.75		22.84		0.02		20.41		16.37		0.02

Issuer Repurchases of Equity Securities

Fourth Quarter (shares in millions)	Total Number of Shares Purchased*	Average Price Paid per Share (excluding commissions)		Total Number of Shares Purchased as part of Publicly Announced Plan*	Maximum Number of Shares that may be Purchased under the Plan
Month 1 (September 30, 2012 – November 3, 2012)	3,532	$	25.34	3,532	7,571
Month 2 (November 4, 2012 – December 1, 2012)	4,465	24.11		4,465	3,106
Month 3 (December 2, 2012 – December 29, 2012)	3,106	24.09		3,106	—
Total	11,103	$	24.51	11,103

*These shares were purchased pursuant to a plan authorizing the repurchase of up to 24 million shares of Textron common stock that had been announced on July 19, 2007, which had no expiration date. During the fourth quarter of 2012, all remaining shares available under this plan were repurchased.

On January 23, 2013, the company announced the adoption of a new plan authorizing the repurchase of up to 25 million shares of Textron common stock. This plan has no expiration date.

Stock Performance Graph

The following graph compares the total return on a cumulative basis at the end of each year of $100 invested in our common stock on December 31, 2007 with the Standard & Poor’s (S&P) 500 Stock Index, the S&P 500 Aerospace & Defense (A&D) Index and the S&P Industrial Conglomerates (IC) Index. We are included in both the S&P 500 and the S&P IC indices. The values calculated assume dividend reinvestment.

	2007		2008		2009		2010		2011		2012
Textron Inc.	$	100.00	$	20.04	$	27.40	$	34.57	$	27.14	$	35.52
S&P 500	100.00		63.00		79.68		91.68		93.61		106.78
S&P 500 A&D	100.00		63.46		79.10		91.05		95.86		108.37
S&P 500 IC	100.00		48.50		53.43		63.41		63.86		76.92

Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data