Curtiss-Wright Corporation (CW) to Distribute Quarterly Dividend of $0.26 on October 9th

Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Thursday, September 10th. Investors of record on Friday, September 25th will be given a dividend of 0.26 per share by the aerospace company on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. This is a 8.3% increase from Curtiss-Wright’s previous quarterly dividend of $0.24.

Curtiss-Wright has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Curtiss-Wright has a dividend payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $17.10 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 6.1%.

Curtiss-Wright Stock Down 0.2%

Shares of NYSE CW opened at $558.50 on Friday. Curtiss-Wright has a 52 week low of $490.66 and a 52 week high of $808.16. The business has a 50-day simple moving average of $679.86 and a two-hundred day simple moving average of $706.99. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $20.63 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.53 and a beta of 0.84.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the prior year, the business posted $3.23 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright will post 15.27 earnings per share for the current fiscal year.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.