Moog Inc. announces the implementation of cash dividend for its stock
In November of 2022, Moog Inc. (Moog) announced the implementation of a quarterly dividend on issued and outstanding shares of Class A and Class B common stock. The quarterly dividend would amount to $0.26 per share, with payments occurring on December 5, 2022 for any shareholders who purchase company at or before November 18, 2022. The addition of a quarterly dividend will cost the company $8.0 million in cash expenditures, with any future dividend promises at the discretion of the Board of Directors.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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