Woodward, Inc. to Issue Quarterly Dividend of $0.28 (NASDAQ:WWD)

Key Points

• Woodward, Inc. has declared a quarterly dividend of $0.28 per share, to be paid on December 4th to shareholders of record as of November 20th.
• The company reported a quarterly earnings per share (EPS) of $1.76, exceeding analysts' expectations of $1.62, with a year-over-year revenue increase of 8% to $915.45 million.
• Woodward's current dividend payout ratio stands at 15.1%, indicating that the dividend is well-covered by earnings, with expectations for future earnings supporting this dividend sustainability.

Woodward, Inc. (NASDAQ:WWD - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Stockholders of record on Thursday, November 20th will be paid a dividend of 0.28 per share by the technology company on Thursday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 20th.

Woodward has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Woodward to earn $7.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 15.7%.

Woodward Price Performance

Shares of NASDAQ:WWD traded down $1.86 during trading on Friday, reaching $238.11. The stock had a trading volume of 1,312,353 shares, compared to its average volume of 539,028. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The business has a fifty day moving average price of $248.95 and a 200-day moving average price of $219.88. The stock has a market cap of $14.28 billion, a PE ratio of 37.68, a PEG ratio of 2.58 and a beta of 1.27. Woodward has a 1-year low of $146.82 and a 1-year high of $267.45.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.14. The firm had revenue of $915.45 million for the quarter, compared to analyst estimates of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities analysts forecast that Woodward will post 6.15 earnings per share for the current fiscal year.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.