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

Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be paid a dividend of 0.24 per share by the aerospace company on Monday, July 6th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th.

Curtiss-Wright has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Curtiss-Wright has a dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Curtiss-Wright to earn $16.80 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 5.7%.

Curtiss-Wright Stock Performance

NYSE:CW traded down $0.26 during midday trading on Thursday, reaching $750.74. The stock had a trading volume of 183,508 shares, compared to its average volume of 284,651. The firm’s fifty day simple moving average is $705.56 and its 200-day simple moving average is $640.01. The stock has a market capitalization of $27.73 billion, a P/E ratio of 55.00, a PEG ratio of 3.47 and a beta of 0.86. Curtiss-Wright has a 1-year low of $401.01 and a 1-year high of $760.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same period in the previous year, the firm posted $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. On average, equities research analysts forecast that Curtiss-Wright will post 15.15 EPS for the current fiscal year.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.