By Connor Hart
Woodward raised its dividend to 28 cents, from 25 cents.
The new payout, equal to $1.12 a year, represents an annual yield of about 0.6% based on Monday's closing price of $187.90.
The Fort Collins, Colo., company, which makes energy-control products for the aerospace and industrial markets, said the higher dividend will be paid March 6 to shareholders of record as of Feb. 20.
The higher dividend came as the company posted lower sales and revenue fell in its fiscal first quarter, dragged down by lower volumes.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 03, 2025 16:29 ET (21:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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