CHARLOTTE, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that its Board of Directors has authorized a 15% increase in the quarterly dividend to fifteen cents ($0.15) per share, beginning with the Company’s third quarter distribution.
“This dividend increase reflects our Board of Directors’ confidence in the Company’s strong financial position and continued ability to deliver solid earnings growth and free cash flow, while also allowing us to consistently provide a steady return to our shareholders,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “Curtiss-Wright remains committed to a disciplined and balanced capital allocation strategy that consists of reinvesting in our business, returning capital to shareholders through share repurchase and steady dividend distributions, and supplementing our organic growth with strategic acquisitions to drive long-term shareholder value.”
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE: CW) is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,000 people worldwide. For more information, visit www.curtisswright.com.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements, among other things, statements regarding future events (such as statements regarding dividends, the return of cash to shareholders, the impacts of share repurchases, and Curtiss-Wright Corporation’s ability to deliver revenue and margin growth, along with solid free cash flow generation) and the future financial performance of Curtiss-Wright Corporation involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied and could cause volatility in the pricing of Curtiss-Wright’s common stock. Such forward looking statements are not considered historical facts or an indication of future performance of the Corporation’s common stock. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Please refer to the Company’s current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.