Today, March 05, 2024, marks an important moment for investors of Woodward WWD. The company will distribute a dividend payout of $0.25 per share, demonstrating an annualized dividend yield of 0.74%. Remember, only shareholders prior to the ex-dividend date on February 16, 2024 are eligible for this payout.
Woodward Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-16 | 4 | $0.25 | 0.74% | 2024-01-25 | 2024-02-20 | 2024-03-05 |
| 2023-11-17 | 4 | $0.22 | 0.71% | 2023-09-25 | 2023-11-20 | 2023-12-04 |
| 2023-08-11 | 4 | $0.22 | 0.73% | 2023-07-27 | 2023-08-14 | 2023-08-28 |
| 2023-05-19 | 4 | $0.22 | 0.96% | 2023-04-27 | 2023-05-22 | 2023-06-05 |
| 2023-02-17 | 4 | $0.22 | 0.8% | 2023-01-30 | 2023-02-21 | 2023-03-07 |
| 2022-11-10 | 4 | $0.19 | 0.85% | 2022-09-21 | 2022-11-14 | 2022-11-28 |
| 2022-08-12 | 4 | $0.19 | 0.76% | 2022-07-28 | 2022-08-15 | 2022-08-29 |
| 2022-05-16 | 4 | $0.19 | 0.68% | 2022-04-28 | 2022-05-17 | 2022-05-31 |
| 2022-02-17 | 4 | $0.19 | 0.7% | 2022-01-31 | 2022-02-21 | 2022-03-07 |
| 2021-11-12 | 4 | $0.16 | 0.57% | 2021-09-22 | 2021-11-15 | 2021-11-29 |
| 2021-08-13 | 4 | $0.16 | 0.53% | 2021-07-29 | 2021-08-16 | 2021-08-30 |
| 2021-05-17 | 4 | $0.16 | 0.52% | 2021-04-29 | 2021-05-18 | 2021-06-01 |
When comparing Woodward's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Lockheed Martin LMT having the highest annualized dividend yield at 2.92%.
Analyzing Woodward Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $0.52 in 2020 to $0.88 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Woodward
Investors can observe a decrease in Woodward's earnings per share from $3.94 in 2020 to $3.71 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
This article provides an in-depth analysis of Woodward's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.25 per share, resulting in an annualized dividend yield of 0.74%.
When comparing Woodward's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Lockheed Martin having the highest annualized dividend yield at 2.92%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, Woodward seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Woodward's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
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