Woodward Announces Declaration of Dividend

Rhea-AI Summary

Woodward, Inc. (NASDAQ: WWD) announced a quarterly cash dividend of $0.08125 per share, payable on November 30, 2020, to stockholders recorded by November 16, 2020. This reflects the company's commitment to returning value to its shareholders. Woodward specializes in control systems solutions across aerospace and industrial sectors, promoting cleaner and more efficient equipment.

Positive

• Quarterly cash dividend of $0.08125 per share announced.
• Dividend reflects commitment to returning value to shareholders.

Negative

• No significant negative aspects mentioned.

FORT COLLINS, Colo., Sept. 23, 2020 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.08125 per share for the quarter, payable on November 30, 2020 for stockholders of record as of November 16, 2020.

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

Notice Regarding Forward-Looking Statements

The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s quarterly cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2019 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:		Don Guzzardo
		Vice President, Investor Relations and Treasurer
		970-498-3580
		Don.Guzzardo@woodward.com

FAQ

What is the dividend amount announced by Woodward, Inc. for November 2020?

Woodward, Inc. declared a cash dividend of $0.08125 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on November 30, 2020.

What is the record date for Woodward, Inc.'s dividend?

The record date for the dividend is November 16, 2020.

How often does Woodward, Inc. pay dividends?

Woodward, Inc. typically pays quarterly dividends.

Is the dividend sustainable for Woodward, Inc.?

The press release does not provide specific information on the sustainability of the dividend.