Moog Inc. Announces Increased Cash Dividend

Rhea-AI Summary

Moog Inc. (NYSE: MOG) has declared a quarterly dividend of $0.28 per share on its Class A and Class B common stock, marking a 4% increase from the previous quarter. The dividend will be paid on February 27, 2024, to shareholders of record as of February 9, 2024, representing a use of approximately $9 million in cash. Future dividends are subject to the discretion of Moog's Board of Directors.

Positive

• 4% increase in quarterly dividend
• Continued payment of dividends to shareholders

Negative

• None.

Insights

Financial Analyst

The announcement of Moog Inc.'s increased quarterly dividend is a significant indicator of the company's financial health and its commitment to returning value to shareholders. A 4% increase in the dividend payout suggests confidence in the company's ongoing profitability and cash flow stability. This decision likely reflects a robust balance sheet and a management team that believes in sharing financial success with its investors.

From an investment standpoint, the rise in dividends could make Moog's stocks more attractive to income-focused investors, potentially leading to an increased demand for the shares. However, it's important to note that the dividend payout will result in a cash outflow of approximately $9 million. Investors should consider whether this use of cash aligns with their expectations for growth versus income generation, as funds used for dividends are not being reinvested into the company's operations or strategic initiatives.

Market Research Analyst

Within the context of the broader market, Moog Inc.'s dividend increase positions it favorably among its peers, especially if the sector is experiencing a trend towards higher yields. The move could be interpreted as a signal that Moog is maintaining a competitive edge. However, stakeholders should also evaluate this in light of the company's payout ratio and compare it with industry standards. A payout ratio that is too high could be unsustainable in the long run, while one that is too low might suggest that the company is retaining more earnings than necessary for growth.

Furthermore, the timing of the dividend increase announcement could have strategic implications. Sharing profits with shareholders just before the close of business on February 9, 2024, might be aimed at bolstering investor sentiment ahead of the company's upcoming financial disclosures or in response to sector-specific events.

EAST AURORA, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock, a 4% increase over the previous quarter’s dividend. The dividend will be paid on February 27, 2024 to all shareholders of record as of the close of business on February 9, 2024.

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, defense systems, 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/20240126549938/en/

Aaron Astrachan

716.687.4225

Source: Moog Inc.

FAQ

What is the dividend per share declared by Moog Inc. (NYSE: MOG)?

Moog Inc. (NYSE: MOG) has declared a quarterly dividend of $0.28 per share on its Class A and Class B common stock.

When will the dividend be paid to shareholders of Moog Inc. (NYSE: MOG)?

The dividend will be paid on February 27, 2024, to shareholders of record as of February 9, 2024.

What is the approximate cash use for the declared dividend by Moog Inc. (NYSE: MOG)?

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

Are future dividends from Moog Inc. (NYSE: MOG) guaranteed?

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