Curtiss-Wright has elected to stick with its existing dividend policy for the time being. The company declared a quarterly distribution of $0.10 per share, to be paid on October 18 to shareholders of record as of October 7. That amount matches its previous payout, which was dispensed in July. Prior to that, it handed out $0.01 less, or $0.09 per share.
The just-declared dividend is Curtiss-Wright's first since it announced at the beginning of August the resignation of longtime CEO Martin Benante.
The upcoming distribution annualizes to $0.40 per share. That yields 0.8% at Curtiss-Wright's most recent closing stock price of $47.74.
The article Curtiss-Wright Declares Fresh Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Curtiss-Wright, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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