Curtiss-Wright Announces 6% Dividend Increase to $0.18 Per Share for Common Stock

Rhea-AI Summary

Curtiss-Wright Corporation (NYSE: CW) announced a 6% increase in its quarterly dividend to $0.18 per share, payable on July 2, 2021, for stockholders on record as of June 18, 2021. This increase highlights the Board's confidence in the company's robust financial position and commitment to returning value to shareholders. CEO Lynn M. Bamford emphasized the disciplined capital allocation strategy, focusing on organic growth, strategic acquisitions, and consistent dividend distributions, aiming for long-term shareholder value.

Positive

• 6% increase in quarterly dividend to $0.18 per share.
• Strong financial position allows for consistent returns to shareholders.
• Commitment to disciplined capital allocation strategy.

Negative

• None.

Curtiss-Wright Corporation (NYSE: CW) today announced that the Board of Directors declared a 6% increase in the quarterly dividend to eighteen cents ($0.18) per share, payable July 2, 2021 to stockholders of record as of June 18, 2021.

“This dividend increase reflects our Board of Directors’ confidence in the Company's strong financial position and continued ability to deliver solid earnings growth and free cash flow, while also allowing us to provide a consistent return to our shareholders,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “Curtiss-Wright remains committed to a disciplined and balanced capital allocation strategy that consists of reinvesting in our business to drive organic growth, pursuing strategic acquisitions and returning capital to shareholders through share repurchase and steady dividend distributions to drive long-term shareholder value.”

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,200 people worldwide. For more information, visit www.curtisswright.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005550/en/

FAQ

What is the new dividend amount for Curtiss-Wright Corporation (CW)?

The new dividend amount is $0.18 per share.

When will the new dividend be paid to shareholders of CW?

The new dividend will be paid on July 2, 2021.

What date must shareholders hold CW stock to receive the dividend?

Shareholders must hold CW stock as of June 18, 2021, to receive the dividend.

What does the dividend increase indicate about Curtiss-Wright's financial health?

The dividend increase reflects the Board's confidence in the company's strong financial position and earnings growth.

How does Curtiss-Wright plan to allocate capital moving forward?

Curtiss-Wright plans to reinvest in the business, pursue strategic acquisitions, and ensure steady dividend distributions.