Moog Inc. Announces Cash Dividend

Rhea-AI Summary

Moog Inc. has declared a quarterly dividend of $.25 per share for both Class A and Class B common stocks. This payment, totaling approximately $8 million, will be distributed on December 6, 2021, to shareholders recorded by the close of business on November 19, 2021. The dividend declaration reflects Moog's ongoing commitment to returning value to its shareholders, although future dividends remain at the discretion of the Board of Directors.

Positive

• Quarterly dividend of $.25 per share enhances shareholder value.
• Total cash use of approximately $8 million for the dividend payment.

Negative

• Future dividends remain subject to the Board's discretion, indicating potential uncertainty.

EAST AURORA, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 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 December 6, 2021 to all shareholders of record as of the close of business on November 19, 2021.

The dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.

About Moog

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/20211105005161/en/

Ann Marie Luhr

716-687-4225

Source: Moog Inc.

FAQ

What is the dividend amount declared by Moog Inc.?

Moog Inc. has declared a dividend of $.25 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 6, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is November 19, 2021.

What is the total cash use for the declared dividend?

The total cash use for the declared dividend is approximately $8 million.

Are future dividends guaranteed by Moog Inc.?

Future dividends are subject to the determination and discretion of Moog's Board of Directors.