Curtiss-Wright Corp. (NYSE:CW) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.15 per share by the aerospace company on Thursday, April 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%.
Curtiss-Wright has increased its dividend by an average of 2.5% annually over the last three years and has raised its dividend every year for the last 6 years. Curtiss-Wright has a payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $5.36 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 11.2%.
Curtiss-Wright (CW) traded up $1.39 during trading on Wednesday, hitting $122.53. 175,404 shares of the stock were exchanged, compared to its average volume of 197,721. The company has a market cap of $5,410.00, a P/E ratio of 25.21, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a fifty-two week low of $82.77 and a fifty-two week high of $134.44.
In other news, VP Glenn E. Tynan sold 4,353 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $512,522.22. Following the transaction, the vice president now owns 62,278 shares in the company, valued at approximately $7,332,611.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Charles Adams sold 5,270 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $117.74, for a total transaction of $620,489.80. Following the transaction, the chief executive officer now owns 64,623 shares in the company, valued at approximately $7,608,712.02. The disclosure for this sale can be found here. Insiders sold a total of 22,623 shares of company stock worth $2,710,865 in the last quarter. Insiders own 1.10% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/07/curtiss-wright-corp-declares-quarterly-dividend-of-0-15-cw.html.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.