Powell Industries, Inc. (POWL) to Issue $0.26 Quarterly Dividend

Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Wednesday, February 21st will be given a dividend of 0.26 per share by the industrial products company on Wednesday, March 21st. This represents a $1.04 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Tuesday, February 20th.

Powell Industries (NASDAQ POWL) opened at $29.94 on Thursday. Powell Industries has a twelve month low of $22.80 and a twelve month high of $38.73.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.33). The company had revenue of $90.18 million during the quarter, compared to analysts’ expectations of $103.34 million. Powell Industries had a negative return on equity of 4.31% and a negative net margin of 3.95%. The firm’s quarterly revenue was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS.

Separately, BidaskClub upgraded Powell Industries from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th.

COPYRIGHT VIOLATION NOTICE: “Powell Industries, Inc. (POWL) to Issue $0.26 Quarterly Dividend” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/02/08/powell-industries-inc-powl-to-issue-0-26-quarterly-dividend.html.

Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

Dividend History for Powell Industries (NASDAQ:POWL)

Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply