Woodward (WWD) will raise its quarterly dividend by 25.0 percent to $0.10 per share in 2015. This is the first dividend increase announced by the industrial company since 2012, when the quarterly dividend was hiked by 14.3 percent.

Woodward is a designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. Its fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Woodward's customers include original equipment manufacturers and end users of their products. The company has production and assembly facilities in the United States, Europe and Asia. Woodward was established in 1870, incorporated in 1902, and is headquartered in Fort Collins, Colorado. The company has paid quarterly dividends every year since it became publicly traded in 1940.