Curtiss-Wright Shares Soar 2.34% On Share Buyback, Dividend Hike

Curtiss-Wright Corporation (CW) shares surged to a record high today, with an intraday gain of 2.34%.

The strategy of buying Curtiss-Wright (CW) shares after they reach a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized gain. This result indicates the strategy captured some short-term volatility while missing out on longer-term growth.

Curtiss-Wright Corporation recently announced a significant increase in its share repurchase program, adding $400 million to the existing authorization, bringing the total to $534 million. This move is part of the company's strategy to provide consistent returns to shareholders and reflects the Board of Directors' confidence in the company's financial health and ability to generate solid free cash flow. The company plans to repurchase at least $66 million in shares in 2025 to offset potential dilution from compensation plans.

In addition to the share repurchase program, Curtiss-Wright declared a 14% increase in its quarterly dividend, raising it to $0.24 per share. This dividend will be payable on July 7, 2025. The increase in the dividend is a testament to the company's strong financial performance and its commitment to returning value to its shareholders.

These strategic moves by Curtiss-Wright are likely to have a positive impact on the company's stock price, as they demonstrate the company's confidence in its future prospects and its commitment to shareholder value. The share repurchase program and the dividend increase are expected to attract more investors and boost the company's stock performance in the coming months.