Moog Inc. Announces Cash Dividend

Rhea-AI Summary

The Company (NYSE: MOG.A and MOG.B) has announced a quarterly dividend of $.25 per share for its Class A and Class B common stock. The total cash outflow for the dividend is estimated at $8 million. Payment will be made on August 30, 2021, to shareholders on record as of August 13, 2021. Future dividends will depend on the Board of Directors' discretion. Moog Inc. specializes in the design and manufacturing of precision control components for various industries, including military and commercial sectors.

Positive

• Declared a quarterly dividend of $.25 per share, enhancing shareholder returns.
• Represents a cash outflow of approximately $8 million, indicating strong cash position to support dividends.

Negative

• None.

The Company (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on its issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on August 30, 2021 to all shareholders of record as of the close of business on August 13, 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 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/20210730005129/en/

FAQ

What is the dividend amount for MOG.A and MOG.B?

The dividend amount is $.25 per share for both Class A and Class B common stock.

When will the dividend be paid?

The dividend will be paid on August 30, 2021.

What is the record date for the dividend?

The record date for the dividend is August 13, 2021.

How much cash will be used for the dividend payment?

Approximately $8 million will be used for the dividend payment.

Are future dividends guaranteed?

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