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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home / Markets / Industries / Industrials
Monday, May 05, 2008
Woodward Announces Appointment of New Board Member
Comtex
FORT COLLINS, CO, May 05, 2008 (MARKET WIRE via COMTEX News Network) ----Woodward Governor Company (NASDAQ: WGOV) announced today that its Board of Directors has appointed Dr. Ronald M. Sega, 55, to serve on the Board, effective April 29, 2008.
Dr. Sega is Vice President for Energy, Environment and Applied Research with the Colorado State University Research Foundation. Prior to joining CSU, Dr. Sega served as Under Secretary for the U.S. Air Force. In addition, as a former NASA astronaut, Dr. Sega is a two-time shuttle veteran. He graduated from the Air Force Academy, received a master's degree from The Ohio State University, and earned a doctorate in electrical engineering from the University of Colorado.
"We are fortunate to have added Dr. Sega to our Board. We are certain that his extensive career in government service, aerospace, and energy will complement and strengthen the leadership base currently in place," said Thomas A. Gendron, Woodward Chairman of the Board and Chief Executive Officer.
Dr. Sega has authored or co-authored more than 100 technical publications and has served on numerous local, regional and national advisory and governance boards.
About Woodward
Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions for engines, aircraft and industrial turbines, and electrical power system equipment. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and cost-effective equipment. Woodward is headquartered in Fort Collins, Colorado USA and serves global markets in aerospace, power and process industries, and transportation. Visit our website at www.woodward.com.
The statements in this release concerning the company's future sales, earnings, business and financial performance, the consistent value Woodward offers to its shareholders, the company's prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2007 and Quarterly Report Form 10-Q for the quarters ended December 31, 2007 and March 31, 2008.
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CONTACT: Rose Briani-Burden Business Communications 815-639-6282 Woodward Governor Company 1000 East Drake Road Fort Collins, Colorado 80525, USA Tel: 970-482-5811 Fax: 970-498-3058
SOURCE: Woodward Governor Company
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