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Form 8-K · Current Report · Filed 2024-01-25

Woodward Increases Quarterly Dividend and Authorizes New Stock Repurchase Program

On January 24, 2024, Woodward, Inc. announced a 14% increase in its quarterly dividend to $0.25 per share, payable on March 5, 2024. Additionally, the company's Board of Directors authorized a new $600 million stock repurchase program, replacing the previous $800 million program which was nearly fully utilized.

Filer
Woodward Inc. WWD · NASDAQ
Filed
Accession
0001171843-24-000399
CIK
0000108312
Signal
Medium impactIndustrials

Items reported

Item 8.01

Other Events

Dividend Announced Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$135.56

Next session

+2.8%

Since filing

+166.1%

Latest close

$360.75

What happened, not what will happen — closing prices around the filing date.

Exhibits (1)

About Woodward Inc.

Woodward Inc. is a prominent designer and manufacturer specializing in control systems and components. This company focuses on providing solutions primarily for the aerospace and energy industries. Woodward’s products play an essential role in regulating engines, turbines, and other energy-related systems, enhancing efficiency and reliability in performance-critical environments. A significant aspect of Woodward's operations is its commitment to enabling sustainable energy solutions, contributing to reduced emissions and improved fuel efficiency. In the aerospace sector, Woodward's innovations support commercial, business, and military aircraft, underlining its importance in critical national and global transport infrastructure. The company's role in the financial market is underscored by its contribution to major technological advancements and its alignment with industry trends favoring sustainability and efficiency. Established with a strong historical foundation, Woodward continues to impact critical sectors by advancing energy control technologies.

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