Curtiss-Wright Corporation (NYSE: CW) has announced a substantial increase in its share repurchase authorization, boosting the total available authorization to $534 million. Since early 2021, the company has returned over $700 million through share repurchase activities. Looking ahead to 2025, Curtiss-Wright anticipates repurchasing a minimum of $66 million in shares through ongoing 10b5-1 programs.
In addition to the share repurchase authorization, the company has declared a 14% increase in its quarterly dividend to $0.24 per share, payable on July 7, 2025, to stockholders of record as of June 16, 2025. This move reflects the board of directors' confidence in the company's efficient capital structure and its ability to consistently deliver solid free cash flow.
Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation, emphasized the company's commitment to providing consistent returns to shareholders through ongoing share repurchases and steadily increasing dividends in line with long-term sales growth. The company remains dedicated to pursuing strategic acquisitions as a means to drive organic growth, targeting operational investments with the highest returns, and returning capital to shareholders to drive long-term value.
Curtiss-Wright Corporation is a global integrated business that provides highly engineered products, solutions, and services primarily to aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. Leveraging a workforce of approximately 8,900 highly skilled employees, the company is focused on developing, designing, and building what they believe are the best-engineered solutions for the markets they serve. Today the company's shares have moved 0.68% to a price of $404.545. Check out the company's full 8-K submission here.
