Powell Industries, Inc. (POWL) Plans Quarterly Dividend of $0.26

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 3.47%. The ex-dividend date is Tuesday, February 20th.

Powell Industries (POWL) traded down $0.11 during trading hours on Wednesday, hitting $29.94. 91,991 shares of the stock were exchanged, compared to its average volume of 53,519. Powell Industries has a 12 month low of $22.80 and a 12 month high of $38.73. The company has a market capitalization of $348.68, a price-to-earnings ratio of -36.07 and a beta of 0.90.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.33). Powell Industries had a negative return on equity of 2.65% and a negative net margin of 2.40%. The company had revenue of $90.18 million for the quarter, compared to the consensus estimate of $103.34 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue was down 18.2% compared to the same quarter last year.

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

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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)

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