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Babcock & Wilcox Enterprises , Inc. (NYSE:BW) announced today that its board of directors has declared a quarterly dividend for its 7.75% Series A Cumulative Perpetual Preferred Stock. The dividend amount is set at $0.4843750 per share.
The record date for the dividend is set for Friday, June 20, 2025, and the payment date is scheduled for the following Monday, June 30, 2025. The company has specified that shareholders on record by the close of business on the record date will be eligible for the dividend payment.
The preferred stock, which trades under the ticker symbol "BW PRA" on the New York Stock Exchange, provides investors with a regular dividend payout, contributing to the investment’s total return.
This announcement is consistent with Babcock & Wilcox (NYSE:BWXT)’s practice of providing returns to its shareholders and reflects the company’s commitment to maintaining its dividend distributions. The preferred stock’s dividend is a fixed distribution, which is typical for this type of equity instrument, designed to provide stability and predictability for investors seeking regular income.
Babcock & Wilcox Enterprises , Inc., headquartered in Akron, Ohio, is incorporated in Delaware and operates within the heating equipment industry, excluding electric and warm air furnaces. The company’s common stock, along with its various classes of preferred stock and senior notes, are listed and traded on the New York Stock Exchange.
The information for this dividend declaration is based on the company’s recent SEC filing.
In other recent news, Babcock & Wilcox Enterprises has announced the sale of its Diamond Power International business to Austrian company ANDRITZ for $177 million, with the transaction expected to close soon. This strategic move is part of Babcock & Wilcox’s efforts to enhance its financial structure and focus on core growth areas, as the company reports its highest bookings and backlog in decades. The company is also issuing new senior secured notes, exchanging existing senior notes due in 2026 for new notes due in 2030, as part of its broader strategy to manage its debt portfolio.
Investment firm Galloway Capital Partners (WA:CPAP) has disclosed a 4.31% stake in Babcock & Wilcox, citing the company’s increased bookings and backlog as indicators of potential revenue growth. Galloway also noted the expected commercialization of Babcock & Wilcox’s BrightLoop technology by 2026 as a significant growth driver. Meanwhile, DA Davidson has maintained a Neutral rating on the company, with a price target of $1.00, highlighting the importance of Babcock & Wilcox’s refinancing efforts.
The company’s Chairman and CEO, Kenneth Young, has expressed confidence in the company’s financial position, emphasizing the growing demand for its BrightLoop technologies. Additionally, Babcock & Wilcox has announced cash offers to purchase up to $70 million of its outstanding senior notes due in 2026, contingent upon the completion of the Diamond Power sale. These recent developments reflect the company’s strategic focus on capitalizing on emerging opportunities in the energy sector.
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