Moog Inc. Announces Cash Dividend

Rhea-AI Summary

Moog Inc. (NYSE: MOG.A and MOG.B) declares a quarterly dividend of $0.27 per share on its Class A and Class B common stock, with a payment date of August 28, 2023. This represents a use of approximately $9 million in cash and is subject to future determinations by the Board of Directors.

EAST AURORA, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, declared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on August 28, 2023 to all shareholders of record as of the close of business on August 11, 2023.

The dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.

About Moog Inc.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230728823927/en/

Investor Relations - 716.687.4225

Source: Moog Inc.

FAQ

What is the dividend declared by Moog Inc.?

Moog Inc. declared a quarterly dividend of $0.27 per share on its Class A and Class B common stock.

When will the dividend be paid?

The dividend will be paid on August 28, 2023.

How much cash is the dividend expected to use?

The dividend represents a use of approximately $9 million in cash.

Are future declarations of quarterly dividends guaranteed?

Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.