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

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) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors 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) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 20th.

Woodward has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.8%

Shares of NASDAQ:WWD traded down $1.86 during mid-day trading on Friday, hitting $238.11. 1,312,353 shares of the company traded hands, compared to its average volume of 527,339. The stock has a market cap of $14.28 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.57 and a beta of 1.27. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Woodward has a 12-month low of $146.82 and a 12-month high of $267.45. The stock has a 50-day moving average price of $249.09 and a two-hundred day moving average price of $218.92.

Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts forecast that Woodward will post 6.15 earnings per share for the current 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.