Woodward, Inc. (NASDAQ:WWD – Get Free Report) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.32 per share by the technology company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st.
Woodward has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. Woodward has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Woodward to earn $10.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 12.4%.
Woodward Trading Up 0.1%
NASDAQ WWD opened at $349.41 on Tuesday. The company’s 50-day moving average price is $371.78 and its 200-day moving average price is $338.79. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The stock has a market cap of $20.82 billion, a PE ratio of 41.85, a PEG ratio of 2.07 and a beta of 0.92. Woodward has a 12 month low of $204.03 and a 12 month high of $407.00.
About Woodward
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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