Curtiss-Wright (CW) will raise its quarterly dividend to $0.15 per share.

“This dividend increase reflects our Board of Directors’ confidence in the Company’s strong financial position and continued ability to deliver solid earnings growth and free cash flow, while also allowing us to consistently provide a steady return to our shareholders,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “Curtiss-Wright remains committed to a disciplined and balanced capital allocation strategy that consists of reinvesting in our business, returning capital to shareholders through share repurchase and steady dividend distributions, and supplementing our organic growth with strategic acquisitions to drive long-term shareholder value.”

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets.