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Woodward, Inc. (WWD) Yearly Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1991	96.00	97.00	1.00	1.04%
1992	97.00	74.00	-23.00	-23.71%
1993	74.00	74.50	0.50	0.68%
1994	74.50	66.00	-8.50	-11.41%
1995	66.00	74.625	8.625	13.07%
1996	74.625	132.00	57.375	76.88%
1997	132.00	129.50*	-2.50	-1.89%
1998	32.375	22.125	-10.25	-31.66%
1999	22.125	27.50	5.375	24.29%
2000	27.50	44.75	17.25	62.73%
2001	44.75	58.25	13.50	30.17%
2002	58.25	43.50	-14.75	-25.32%
2003	43.50	56.83	13.33	30.64%
2004	56.83	71.61	14.78	26.01%
2005	71.61	86.01	14.40	20.11%
2006	86.01	119.13*	33.12	38.51%
2007	39.71	67.95	28.24	71.12%
2008	67.95	46.04*	-21.91	-32.24%
2009	23.02	25.77	2.75	11.95%
2010	25.77	37.56	11.79	45.75%
2011	37.56	40.93	3.37	8.97%

*The 1997 ending price for Woodward has been adjusted for a 4 for 1 stock split.
*The 2006 ending price for Woodward has been adjusted for a 3 for 1 stock split.
*The 2008 ending price for Woodward has been adjusted for a 2 for 1 stock split.