Curtiss-Wright Corporation (NYSE:CW) to Issue $0.24 Quarterly Dividend

Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Thursday, November 20th. Investors of record on Friday, November 28th will be given a dividend of 0.24 per share by the aerospace company on Friday, December 12th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 28th.

Curtiss-Wright has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Curtiss-Wright has a payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Curtiss-Wright to earn $13.06 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 7.4%.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $531.58 on Friday. The stock’s 50-day simple moving average is $550.67 and its two-hundred day simple moving average is $494.92. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $612.28. The firm has a market capitalization of $19.60 billion, a P/E ratio of 44.86, a P/E/G ratio of 3.41 and a beta of 1.12. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.89 EPS. As a group, equities analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.