Woodward (WWD) declares a dividend of $0.22

Woodward said on January 30, 2023 that its board of directors had declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record on February 17, 2023 will receive payment on March 7, 2023. Previously, the company paid $0.19 per share.

At the current share price of $103.84/share, the dividend yield of the stock is 0.85%. Looking back five years and taking a sample each week, the average dividend yield was 0.64%, the lowest 0.26% and the highest 2.23%. The standard deviation of returns is 0.22 (n=237).

The current dividend yield is 0.97 standard deviation above the historical average.

Additionally, the company’s dividend payout ratio is 0.31. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is -0.32%.

Analyst price forecast suggests 3.18% drop

As of February 7, 2023, the one-year average price target for Woodward was $100.54. The forecast ranges from a low of $73.73 to a high of $116.55. The average price target represents a decline of 3.18% from its last reported closing price of $103.84.

Woodward’s projected annual revenue is $2,661 million, an increase of 8.18%. Projected annual EPS is $3.43, an increase of 21.82%.

Fund Sentiment

There are 641 funds or institutions reporting posts to Woodward. This is a decrease of 18 owner(s) or 2.73%.

Average portfolio weight of all funds dedicated to the United States: WWD is 0.1823%, a decrease of 13.7943%. The total number of shares held by institutions has decreased over the past three months by 2.96% to 62,227,000 shares.

What are the big shareholders doing?

Capital Research Global Investors holds 7,064,478 shares representing 11.83% ownership of the company. In its previous filing, the company said it held 7,058,067 shares, representing
a raise
by 0.09%. The company

decreases

its portfolio allocation in WWD of 8.38% over the last quarter.

Eagle Capital Management holds 4,335,752 shares representing 7.26% ownership of the company. In its previous filing, the company said it held 4,229,407 shares, representing
a raise
2.45%. The company

decreases

its portfolio allocation in WWD by 6.83% in the last quarter.

AMCPX – AMCAP FUND holds 4,022,523 shares representing 6.73% of the company’s capital. No change in the last quarter.

AMERICAN FUNDS ASSURANCE SERIES – Growth-Revenue Fund Class 1 holds 2,204,500 shares representing 3.69% ownership of the company. No change in the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 1,758,138 shares representing 2.94% ownership of the company. In its previous file, the company stated that it held 1,743,785 shares, representing
a raise
by 0.82%. The company

decreases

its portfolio allocation in WWD of 12.07% over the last quarter.

General information about Woodward
(This description is provided by the company.)

Woodward is an independent designer, manufacturer and service provider of control system solutions and components for the aerospace and industrial markets. The company’s innovative fluid, combustion, electrical and motion control systems help customers deliver cleaner, more reliable and more efficient equipment. Its customers include major original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.