EX-99.1

Woodward Governor Company
1000 East Drake Road
Fort Collins, Colorado 80525, USA
Tel: 970-482-5811
Fax: 970-498-3058

Fort Collins, Colo., July 21, 2009—Woodward Governor Company (Nasdaq: WGOV)
announced today that its Board of Directors has approved a quarterly cash
dividend of $0.06 per share, payable on September 1, 2009 to shareholders of
record as of the close of business on August 18, 2009.
About Woodward
Woodward is an independent designer, manufacturer, and service provider of
energy control and optimization solutions used in global infrastructure
equipment. We serve the aerospace, power generation and distribution, and
transportation markets. Our systems and components optimize the performance of
commercial aircraft; military aircraft, ground vehicles and other equipment;
gas and steam turbines; wind turbines; reciprocating engines; and electrical
power systems. The company’s innovative fluid energy, combustion control,
electrical energy, and motion control systems help customers offer cleaner,
more reliable, and more cost-effective equipment. Our customers include leading
original equipment manufacturers and end users of their products. Woodward is
headquartered in Fort Collins, Colo., USA. Visit our website at
www.woodward.com.

The statements in this release concerning the company’s future sales,
earnings, business performance, 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, 2008 and any subsequently filed Form 10-Q.


CONTACT:		Mike Schablaske Director, Tax and Treasury 815-639-6697