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

Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Thursday, March 26th will be given a dividend of 0.24 per share by the aerospace company on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 26th.

Curtiss-Wright has increased its dividend payment 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 dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Curtiss-Wright stock traded up $0.92 during trading hours on Thursday, hitting $625.85. The company had a trading volume of 27,993 shares, compared to its average volume of 222,205. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The firm has a market cap of $23.08 billion, a PE ratio of 51.00, a PEG ratio of 3.08 and a beta of 0.93. The firm has a 50-day moving average of $593.39 and a 200 day moving average of $548.30. Curtiss-Wright has a one year low of $266.88 and a one year high of $683.09.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $2.89 EPS. On average, sell-side analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Company Profile

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.