Woodward (WWD) will raise its quarterly dividend by 10.0 percent to $0.11 per share. This comes after a dividend increase of 25.0 percent by the industrial company last year.

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.