Woodward Increases Dividend by 16 Percent

Rhea-AI Summary

Woodward, Inc. (NASDAQ: WWD) has announced a quarterly dividend increase to $0.22 per share, up from $0.19, reflecting a commitment to returning value to shareholders. The dividend is payable on March 7, 2023, to stockholders on record as of February 21, 2023. This increase underscores the company’s financial health and confidence in future performance. Woodward specializes in energy conversion and control solutions across aerospace and industrial sectors, actively contributing to a cleaner, decarbonized world.

Positive

• Dividend increased from $0.19 to $0.22 per share.
• Demonstrates company confidence in financial health and future growth.

Negative

• None.

FORT COLLINS, Colo., Jan. 30, 2023 (GLOBE NEWSWIRE) --  Woodward, Inc. (NASDAQ: WWD) today announced that its Board of Directors approved a dividend of $0.22 per share, up from the prior quarter’s dividend of $0.19 per share. The dividend will be payable on March 7, 2023, for stockholders of record as of February 21, 2023.

About Woodward, Inc.

Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Together with our customers, we are enabling the path to a cleaner, decarbonized world. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. 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, 2022, and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:        
Dan Provaznik
Director, Investor Relations
970-498-3849
Dan.Provaznik@woodward.com

FAQ

What is the new dividend amount for Woodward, Inc. (WWD)?

The new dividend amount is $0.22 per share, an increase from $0.19.

When will Woodward, Inc. (WWD) pay its dividend?

The dividend will be payable on March 7, 2023.

What is the record date for Woodward's dividend?

The record date for the dividend is February 21, 2023.

How frequently does Woodward, Inc. (WWD) pay dividends?

Woodward, Inc. typically pays quarterly dividends.

Is the dividend from Woodward, Inc. (WWD) sustainable?

While the company has increased its dividend, investors should review financial reports for sustainability.