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Curtiss-Wright Announces 6% Dividend Increase to $0.19 Per Share for Common Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Curtiss-Wright Corporation (NYSE: CW) has announced a 6% increase in its quarterly dividend to $0.19 per share, payable on July 1, 2022, to stockholders of record by June 17, 2022. This decision reflects the Board's confidence in the company's strong financial position and commitment to returning value to shareholders. CEO Lynn M. Bamford highlighted the company's disciplined capital allocation strategy, which includes strategic acquisitions and organic growth investments, reinforcing their aim of aligning dividend increases with long-term sales growth.
Positive
6% increase in quarterly dividend to $0.19 per share.
Dividend payable on July 1, 2022, with a record date of June 17, 2022.
Management demonstrates confidence in financial stability and shareholder returns.
Commitment to long-term shareholder value growth through balanced capital allocation.
Negative
None.
DAVIDSON, N.C.--(BUSINESS WIRE)--
Curtiss-Wright Corporation (NYSE: CW) today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents ($0.19) per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
“Curtiss-Wright remains committed to driving long-term shareholder value through a disciplined and balanced capital allocation strategy that consists of pursuing strategic acquisitions, reinvesting in our business to drive organic growth, and returning capital to our shareholders through share repurchase and dividend distributions,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “We believe in steadily increasing our dividend in alignment with our long-term sales growth, and this recent increase reflects our Board of Directors’ confidence in the Company's strong financial position while also allowing us to provide a consistent return to our shareholders.”
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 7,800 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.
What is the new dividend amount declared by Curtiss-Wright Corporation?
Curtiss-Wright Corporation declared a new quarterly dividend of $0.19 per share, reflecting a 6% increase.
When will the new dividend be payable?
The new dividend will be payable on July 1, 2022.
What is the record date for the dividend payment?
The record date for the dividend payment is June 17, 2022.
What strategy does Curtiss-Wright Corporation follow for capital allocation?
Curtiss-Wright follows a disciplined capital allocation strategy, focusing on strategic acquisitions, organic growth investments, and returning capital to shareholders.
How does the dividend increase reflect the company's financial position?
The dividend increase reflects the Board's confidence in Curtiss-Wright's strong financial position and commitment to delivering consistent returns to shareholders.
