Woodward Increases Quarterly Dividend by 12 Percent

Rhea-AI Summary

Woodward (NASDAQ:WWD) announced a 12% increase in its quarterly cash dividend, raising it from $0.25 to $0.28 per share. The dividend will be paid on March 6, 2025, to stockholders of record as of February 20, 2025. This increase demonstrates the company's commitment to returning value to shareholders through growing dividend payments.

Positive

• 12% dividend increase from $0.25 to $0.28 per share
• Demonstrates financial strength and confidence in cash flow generation

Negative

• None.

FORT COLLINS, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.28 per share, an increase of 12% from the prior quarter’s dividend of $0.25 per share. The dividend will be payable on March 6, 2025, for stockholders of record as of February 20, 2025.

About Woodward, Inc.

Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

Notice Regarding Forward-Looking Statements

The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2024, and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:
            Dan Provaznik
            Director Investor Relations
            970-498-3849
            Dan.Provaznik@Woodward.com

FAQ

What is Woodward's new quarterly dividend amount for 2025?

Woodward's new quarterly dividend is $0.28 per share, increased from $0.25 per share.

When will Woodward (WWD) pay its latest dividend?

Woodward will pay its dividend on March 6, 2025, to stockholders of record as of February 20, 2025.

By what percentage did Woodward increase its dividend in 2025?

Woodward increased its quarterly dividend by 12% in 2025.

What is the record date for Woodward's (WWD) latest dividend?

The record date for Woodward's latest dividend is February 20, 2025.

How much has WWD's quarterly dividend increased from the previous quarter?

WWD's quarterly dividend increased by $0.03 per share, from $0.25 to $0.28.