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.
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Source: Curtiss-Wright Corporation