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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Woodward, Inc. (WWD) pays a $0.98 annual dividend ($0.24 quarterly), yielding 0.39% at $328.48/share. Next ex-dividend date 2026-11-19. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.39%
Annual Dividend: $0.98 per share
Payout Ratio: 13.4%
Ex-Dividend Date: 2026-11-19
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 33
Woodward, Inc. designs and manufactures control solutions for aerospace and industrial markets, supplying fuel systems, actuators, and thrust reverser components to OEMs worldwide. The Woodward, Inc. dividend currently yields 0.38%, with trailing twelve-month payments of $0.98 per share paid quarterly. The next ex-dividend date is November 19, 2026, with the most recent payment of $0.32 per share. WWD stock carries a beta of 0.857, and the dividend profile fits investors who prioritize growth over current income.
Woodward, Inc. pays out 13.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings face pressure, and WWD's aftermarket maintenance and repair services for commercial airlines and military depots provide a recurring revenue layer that supports the underlying business. Woodward, Inc. dividend safety faces its most credible test from cyclical demand in aerospace and industrial end markets, where OEM order volumes can shift with broader capital spending cycles.
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 period (with 2026 partial at $1.28 so far). The largest annual increase in the window was 25.0% in 2015, while the dividend held flat across 2012, 2013, and 2014 before that acceleration began.
| 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 industrial controls business, not a high current payout. The yield is low (below 2%), sitting at 0.38% today versus a 5-year average of 0.52%, so current income is minimal. What the stock offers instead is a 10.8% annualized growth rate over 15 years and a 13.4% payout ratio that leaves room for continued increases. The trade-off is straightforward: an investor accepts a yield well below income-focused alternatives in exchange for a dividend that has compounded at a double-digit rate.
| Payment Date | Amount per Share |
|---|---|
| 2026-11-19 | $0.3200 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.2800 |
| 2025 | $1.1200 |
| 2024 | $1.0000 |
| 2023 | $0.8800 |
| 2022 | $0.7600 |
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