Twin Disc, Incorporated (NASDAQ:TWIN) Announces $0.04 Quarterly Dividend

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Monday, November 18th will be given a dividend of 0.04 per share by the industrial products company on Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, November 18th.

Twin Disc Stock Performance

NASDAQ TWIN opened at $12.25 on Thursday. Twin Disc has a 52-week low of $10.90 and a 52-week high of $18.00. The company has a 50-day simple moving average of $12.15 and a 200 day simple moving average of $13.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.21. The company has a market capitalization of $172.73 million, a PE ratio of 15.71 and a beta of 0.61.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. Twin Disc had a net margin of 3.72% and a return on equity of 5.47%. The company had revenue of $84.42 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.