Moog Inc. (NYSE:MOG-A) to Issue Quarterly Dividend of $0.29

Moog Inc. (NYSE:MOG-A) 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 annualized dividend and a dividend yield of 0.60%. This is a positive change from Moog’s previous quarterly dividend of $0.28.

Moog has raised 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 %

Shares of NYSE:MOG-A opened at $194.71 on Friday. The stock has a fifty day simple moving average of $206.31 and a 200-day simple moving average of $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.