Curtiss-Wright Corporation (NYSE: CW) has made significant announcements regarding its share repurchase authorization and dividend declaration. Firstly, the company has increased its share repurchase authorization to $550 million, with an additional $416 million being authorized for future share repurchases. This brings the total available authorization to $550 million.
Since August, the company has executed two separate $200 million expansions of its 2025 share repurchase program. It also anticipates repurchasing $66 million in shares via ongoing 10b5-1 programs by the end of 2025, resulting in an expected record annual share repurchase of $466 million for 2025. Notably, since early 2021, Curtiss-Wright has returned in excess of $1.1 billion to its shareholders through share repurchases.
In line with its commitment to returning capital to shareholders, the company has declared a quarterly dividend of $0.24 per share, payable on December 12, 2025, to stockholders of record as of November 28, 2025.
Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation, expressed confidence in the company's healthy balance sheet and consistent free cash flow generation, which has led to this meaningful increase in share repurchase authorization. She emphasized the company's commitment to pursuing strategic acquisitions, targeting operational investments with the highest returns, and returning capital to shareholders to drive long-term value.
Looking ahead to 2026, the company expects to repurchase $60 million in shares via a 10b5-1 program, intending to offset potential dilution from compensation plans.
Curtiss-Wright Corporation, with a workforce of approximately 9,000 highly skilled employees, operates globally, providing highly engineered products, solutions, and services primarily to aerospace & defense markets, as well as critical technologies in demanding commercial nuclear power, process, and industrial markets. Following these announcements, the company's shares moved 0.44%, and are now trading at a price of $538.14. For more information, read the company's full 8-K submission here.
