Powell Industries, Inc. (POWL) to Issue Quarterly Dividend of $0.09 on September 16th

Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Monday, August 3rd. Investors 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 yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th.

Powell Industries has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Powell Industries has a payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Research 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%.

Powell Industries Stock Performance

NASDAQ:POWL opened at $211.38 on Wednesday. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18. Powell Industries has a one year low of $69.00 and a one year high of $328.00. The stock has a 50-day simple moving average of $261.19 and a 200 day simple moving average of $225.24.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 28.36%. The firm had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. During the same quarter in the previous year, the company earned $3.96 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Powell Industries will post 5.47 EPS for the current fiscal year.

About Powell Industries

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.