Curtiss-Wright Corporation (NYSE:CW) Plans Dividend Increase – $0.26 Per Share

Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Friday, September 25th will be given a dividend of 0.26 per share by the aerospace company on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. This is a 8.3% increase from Curtiss-Wright’s previous quarterly dividend of $0.24.

Curtiss-Wright has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Curtiss-Wright has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Curtiss-Wright to earn $17.10 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 6.1%.

Curtiss-Wright Stock Down 1.0%

Curtiss-Wright stock opened at $559.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright has a 1-year low of $490.66 and a 1-year high of $808.16. The company has a market cap of $20.67 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.84. The stock’s 50 day moving average price is $683.87 and its 200 day moving average price is $708.04.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.Curtiss-Wright’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.23 earnings per share. On average, sell-side analysts predict that Curtiss-Wright will post 15.27 EPS for the current fiscal year.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.