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Stock impact report

Curtiss-Wright Announces New $200 Million Share Repurchase Authorization and Declares 13% Dividend Increase to $0.17 Per Share for Common Stock

Curtiss-Wright Corporation (CW) 
Last curtiss-wright corporation earnings: 2/26 05:37 pm Check Earnings Report
Company Research Source: Business Wire
DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that its Board of Directors has authorized $200 million for future share repurchases. The Company expects that it will repurchase at least $50 million in shares in 2019 via an existing 10b5-1 program that began in January 2019 and exhaust the remainder of its prior share repurchase authorization. The Company’s Board of Directors also declared a 13% increase in the quarterly dividend to seventeen cents ($0.17) per share, payable July 5, 2019, to stockholders of record June 20, 2019. “We are pleased to announce this new share repurchase authorization and the increase in our quarterly dividend, as they reflect our Board of Directors’ continued confidence in the Company’s strong financial position and ability to deliver solid earnings growth and free cash flow,” said David C. Adams, Chairman and CEO of Curtiss-Wright Show less Read more
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