Twin Disc, Incorporated (NASDAQ:TWIN – Get Free Report) announced a quarterly dividend on Friday, August 7th. Investors of record on Tuesday, August 18th will be given a dividend of 0.05 per share by the industrial products company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 25.0% increase from Twin Disc’s previous quarterly dividend of $0.04.
Twin Disc has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings.
Twin Disc Stock Up 1.5%
Shares of NASDAQ TWIN opened at $24.54 on Friday. The firm has a market cap of $353.87 million, a price-to-earnings ratio of 13.34 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. Twin Disc has a 52-week low of $8.03 and a 52-week high of $25.00. The business’s 50 day moving average is $22.49 and its two-hundred day moving average is $18.92.
Twin Disc Company Profile
Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.
In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.
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