Twin Disc, Incorporated (NASDAQ:TWIN) Declares Dividend Increase – $0.05 Per Share

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend 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% meaning its dividend is sufficiently covered by earnings.

Twin Disc Stock Performance

TWIN opened at $24.54 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The company has a market cap of $353.87 million, a PE ratio of 13.34 and a beta of 0.64. The stock has a 50-day moving average of $22.49 and a 200-day moving average of $18.92. Twin Disc has a 52-week low of $8.03 and a 52-week high of $25.00.

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.