Powell Industries, Inc. (POWL) Plans $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 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, February 20th.

Powell Industries (NASDAQ POWL) opened at $28.17 on Monday. Powell Industries has a fifty-two week low of $22.80 and a fifty-two week high of $38.73.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.33). Powell Industries had a negative return on equity of 4.35% and a negative net margin of 3.95%. The firm had revenue of $90.18 million during the quarter, compared to analysts’ expectations of $103.34 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Powell Industries’s revenue for the quarter was down 18.2% compared to the same quarter last year.

Separately, BidaskClub cut Powell Industries from a “hold” rating to a “sell” rating in a report on Saturday.

WARNING: This report was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/19/powell-industries-inc-powl-plans-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.

Leave a Reply