RTX - Curtiss-Wright Rewards Investors With Buyback Ups Dividend | Benzinga
Curtiss-Wright Corporation (NYSE: CW) announced that its board of directors approved a hike in its quarterly dividend to 21 cents per share, reflecting an increase of 5% from the prior payout. With the current hike, Curtiss-Wright will now pay out an annual dividend of 84 cents per share.
This signifies Curtiss-Wright's strength in the business to generate enough cash flow to reward shareholders with improved dividend payouts.
Curtiss-Wright Enhances Shareholders Value
Curtiss-Wright's emphasis on returning cash to shareholders is backed by a disciplined and balanced capital allocation strategy and is buoyed by its ability to deploy capital effectively. Curtiss-Wright has been returning cash to shareholders through share repurchases and dividend hikes, thus highlighting consistency in sharing profits with its shareholders.
Along with dividend payments, Curtiss-Wright's management continues to increase shareholders' value by repurchasing shares. In the first three months of 2024, the company repurchased shares worth $12.2 million. The board of directors authorized an additional $300 million for ...