Woodward, Inc. announced a 12% increase in its quarterly dividend, now $0.28 per share, payable March 6, 2025.
Quiver AI Summary
Woodward, Inc. reported an increase in its cash dividend, raising it by 12% to $0.28 per share from the previous quarter's $0.25 per share. The dividend is set to be paid on March 6, 2025, to shareholders on record as of February 20, 2025. Woodward, headquartered in Fort Collins, Colorado, is a leader in energy conversion and control solutions for the aerospace and industrial sectors, focusing on delivering reliable energy control systems for sustainable future applications. The company cautioned that its forward-looking statements may involve risks and uncertainties that could lead to different outcomes than projected, as noted in its annual and quarterly reports.
Potential Positives
- The increase in the cash dividend by 12% demonstrates the company's strong financial performance and commitment to returning value to shareholders.
- The declaration of a dividend reflects confidence from the Board of Directors in the company's ongoing profitability and future growth prospects.
- The scheduled dividend payment date and record date provide clarity and transparency for investors, which can enhance shareholder trust and engagement.
Potential Negatives
- The press release emphasizes forward-looking statements, highlighting that actual results could differ materially, which may raise concerns among investors about the reliability of future projections.
- The increase in the cash dividend, while positive, may also suggest that the company is prioritizing short-term shareholder returns over long-term investments or growth initiatives, which could impact future performance.
- There is no comprehensive explanation of other financial metrics or operational challenges, which might leave investors wanting more information to fully assess the company's stability and growth potential.
FAQ
What is the new cash dividend declared by Woodward, Inc.?
Woodward, Inc. has declared a cash dividend of $0.28 per share, an increase of 12% from the previous quarter.
When will the dividend be payable?
The dividend will be payable on March 6, 2025, to stockholders of record as of February 20, 2025.
What is Woodward, Inc. known for?
Woodward, Inc. is a global leader in energy conversion and control solutions for aerospace and industrial equipment markets.
Where is Woodward, Inc. headquartered?
Woodward, Inc. is headquartered in Fort Collins, Colorado, USA.
How can I contact Woodward's Investor Relations?
You can contact Dan Provaznik, Director of Investor Relations, at 970-498-3849 or via email at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WWD Insider Trading Activity
$WWD insiders have traded $WWD stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $WWD stock by insiders over the last 6 months:
- THOMAS G CROMWELL (EVP and COO) has made 0 purchases and 14 sales selling 75,841 shares for an estimated $13,499,534.
- JOHN D COHN sold 2,400 shares for an estimated $430,968
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WWD Hedge Fund Activity
We have seen 172 institutional investors add shares of $WWD stock to their portfolio, and 249 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FARALLON CAPITAL MANAGEMENT LLC added 1,154,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $197,922,540
- CAPITAL RESEARCH GLOBAL INVESTORS added 616,630 shares (+17.9%) to their portfolio in Q3 2024, for an estimated $105,758,211
- EAGLE CAPITAL MANAGEMENT LLC added 609,957 shares (+14.9%) to their portfolio in Q3 2024, for an estimated $104,613,725
- NAYA CAPITAL MANAGEMENT UK LTD added 577,224 shares (+inf%) to their portfolio in Q3 2024, for an estimated $98,999,688
- JPMORGAN CHASE & CO added 570,124 shares (+135.1%) to their portfolio in Q3 2024, for an estimated $97,781,967
- ACADIAN ASSET MANAGEMENT LLC removed 428,841 shares (-98.7%) from their portfolio in Q3 2024, for an estimated $73,550,519
- GOLDMAN SACHS GROUP INC removed 245,919 shares (-41.2%) from their portfolio in Q3 2024, for an estimated $42,177,567
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT COLLINS, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.28 per share, an increase of 12% from the prior quarter’s dividend of $0.25 per share. The dividend will be payable on March 6, 2025, for stockholders of record as of February 20, 2025.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com .
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2024, and any subsequently filed Quarterly Report on Form 10-Q.
CONTACT:
Dan Provaznik
Director Investor Relations
970-498-3849
[email protected]