Curtiss-Wright Declares Dividend of $0.20 Per Share for Common Stock

Rhea-AI Summary

Curtiss-Wright Corporation (CW) has declared a dividend of $0.20 per share on March 28, 2024, payable on April 15, 2024, to stockholders of record. This announcement pertains to the company's common stock, traded on the NYSE under the ticker symbol CW.

Financial Analyst

The announcement by Curtiss-Wright Corporation regarding the declaration of a dividend of $0.20 per share is a significant financial event for shareholders. Dividends are a portion of a company's earnings returned to shareholders as a reward for their investment. The declared dividend here represents a direct cash benefit and could be indicative of the company's current financial health and future earnings expectations.

From a financial analysis perspective, the dividend yield, which is the dividend per share divided by the stock price, is a key metric for investors. It is essential to compare this yield with industry averages and historical company performance to assess the attractiveness of the dividend. Investors may also consider the payout ratio, which is the proportion of earnings paid out as dividends, to evaluate whether the dividend payments are sustainable given the company's earnings.

Market Research Analyst

Market perception of a dividend announcement can vary. On one hand, a stable or increasing dividend can signal a company's confidence in its financial stability and its commitment to returning value to shareholders. On the other hand, if the market expected a higher dividend, the actual declaration could negatively impact the stock price. Additionally, the timing of the announcement and the payment date could influence investor sentiment and stock market performance in the short term.

It's also important to analyze the dividend in the context of the overall sector's performance. If Curtiss-Wright Corporation's dividend is in line with or exceeds sector trends, it may strengthen investor confidence in the company. Conversely, if the dividend is lower than the sector average, it might raise concerns about the company's competitive position and future growth prospects.

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that the Board of Directors declared a dividend of twenty cents ($0.20) per share on Curtiss-Wright Common Stock, payable April 15, 2024 to stockholders of record as of March 28, 2024.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE: CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240208044045/en/

Jim Ryan

(704) 869-4621

jim.ryan@curtisswright.com

Source: Curtiss-Wright Corporation

When was the dividend declared by Curtiss-Wright Corporation?

The dividend was declared on the press release date, March 28, 2024.

What is the amount of the dividend declared by Curtiss-Wright Corporation?

Curtiss-Wright Corporation declared a dividend of $0.20 per share.

When will the dividend be payable to stockholders?

The dividend will be payable on April 15, 2024.

What is the ticker symbol for Curtiss-Wright Corporation?

The ticker symbol for Curtiss-Wright Corporation is CW.