Powell Industries, Inc. (NASDAQ:POWL) Announces $0.09 Quarterly Dividend

Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.09 per share by the industrial products company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th.

Powell Industries has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Powell Industries has a payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Powell Industries to earn $6.66 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.4%.

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Powell Industries Price Performance

Shares of Powell Industries stock opened at $219.72 on Tuesday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 43.00, a P/E/G ratio of 2.73 and a beta of 1.18. The stock has a 50-day simple moving average of $262.80 and a 200-day simple moving average of $224.69. Powell Industries has a 52-week low of $69.00 and a 52-week high of $328.00.

Powell Industries (NASDAQ:POWL – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.07). The business had revenue of $311.74 million for the quarter, compared to the consensus estimate of $316.70 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. Powell Industries’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.96 EPS. As a group, equities research analysts predict that Powell Industries will post 5.47 earnings per share for the current year.

About Powell Industries

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Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.

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