Curtiss-Wright Raises Dividend by 14%, Boosts Buyback by $400 Mln

Dow Jones

2025/05/14

By Colin Kellaher

Curtiss-Wright's board has raised the defense and aerospace engineering company's quarterly dividend to 24 cents from 21 cents, and added $400 million to its share-repurchase authorization.

The new quarterly payout, equal to 96 cents a year, represents an annual yield of 0.24% based on Tuesday's closing price of $395.15, up from 0.21%.

The Davidson, N.C., company on Wednesday said the increased dividend is payable July 7 to shareholders of record June 16.

Curtiss-Wright, which had about 37.7 million shares outstanding as of April 30, sports a market capitalization of nearly $14.9 billion. The company bought back about 42,000 shares for $14 million during the first quarter of 2025.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 14, 2025 08:23 ET (12:23 GMT)

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