Moog Inc. (NYSE:MOG-A – Get Free Report) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.29 per share on Tuesday, February 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.60%. This is a boost from Moog’s previous quarterly dividend of $0.28.
Moog has increased its dividend by an average of 3.9% per year over the last three years. Moog has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings.
Moog Stock Down 7.2 %
NYSE:MOG-A opened at $194.71 on Friday. The business’s fifty day moving average is $206.31 and its two-hundred day moving average is $198.45.
About Moog
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets in the United States and internationally. The company's Aircraft Controls segment offers primary and secondary flight controls, and avionics for military and commercial aircraft; and aftermarket support services.
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