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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Woodward, Inc. (WWD) pays a $1.24 annual dividend ($0.32 quarterly), yielding 0.36% at $346.22/share. Next ex-dividend date 2026-08-20. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.36%
Annual Dividend: $1.24 per share
Payout Ratio: 13.0%
Ex-Dividend Date: 2026-08-20
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 33
Woodward, Inc. dividend investors are looking at a company that engineers fuel pumps, actuators, and thrust reverser actuation systems for aerospace platforms, alongside control solutions for industrial gas turbines and compressors. WWD currently yields 0.36%, with a trailing annual dividend rate of $1.24 per share paid quarterly. The next ex-dividend date is August 20, 2026, with the last declared payment at $0.32 per share. A beta of 0.868 points to below-market price swings, which suits growth-and-income investors who care more about dividend trajectory than current income.
Woodward, Inc. pays out 13.0% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial room to sustain and grow the dividend even if earnings face pressure, and WWD's dual exposure to aerospace OEMs, aftermarket MRO services, and industrial end-users provides demand across multiple revenue streams. Woodward, Inc. dividend safety faces its most plausible test from cyclical swings in aerospace and industrial capital spending, which can compress earnings and, by extension, the headroom that makes the low payout ratio meaningful.
Woodward, Inc. dividend history shows a CAGR of 10.8% per year from 2010 to 2025. The per-share annual dividend grew from $0.24 to $1.12 over that span (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 25.0% in 2015, while growth was flat across 2012, 2013, and 2014 at $0.32 per share before accelerating. Five consecutive years of increases through 2025 confirm the recent upward direction, though the streak is short of Dividend Aristocrat status.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.8% | $0.76 (2022) | $1.12 (2025) |
| 5-Year | +16.4% | $0.52 (2020) | $1.12 (2025) |
| 10-Year | +10.8% | $0.40 (2015) | $1.12 (2025) |
WWD stock fits growth-and-income investors who want dividend expansion from an aerospace and defense-linked business rather than a high starting yield. The current yield of 0.36% is low (below 2%), and even against its own 5-year average yield of 0.25%, the stock is not an income play in the traditional sense. What investors get instead is a 10.8% annualized growth rate over 15 years and a 13.0% payout ratio that leaves the company room to keep raising. The trade-off is straightforward: current income is minimal, and the dividend's value is realized over time, not immediately.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-20 | $0.3200 |
| 2026-05-21 | $0.3200 |
| 2026-02-19 | $0.3200 |
| 2025-11-20 | $0.2800 |
| 2025-08-21 | $0.2800 |
| 2025-05-22 | $0.2800 |
| 2025-02-20 | $0.2800 |
| 2024-11-21 | $0.2500 |
| 2024-08-22 | $0.2500 |
| 2024-05-21 | $0.2500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9600 |
| 2025 | $1.1200 |
| 2024 | $1.0000 |
| 2023 | $0.8800 |
| 2022 | $0.7600 |
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