Twin Disc, Incorporated (NASDAQ:TWIN) Shareholders Set to Receive $0.05 Quarterly Dividend

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Monday, November 2nd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.05 per share by the industrial products company on Tuesday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 18th.

Twin Disc has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings.

Twin Disc Stock Performance

TWIN opened at $24.75 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.35 and a quick ratio of 0.84. The company has a market capitalization of $359.87 million, a price-to-earnings ratio of 10.40 and a beta of 0.59. The business’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $20.57. Twin Disc has a 1 year low of $14.22 and a 1 year high of $29.24.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%. The business had revenue of $114.40 million during the quarter, compared to the consensus estimate of $100.35 million.

Twin Disc Company Profile

Twin Disc, Inc designs, manufactures and sells power transmission and propulsion systems for marine, industrial and specialty vehicle applications. The company’s products are used to transfer and control engine power in commercial and recreational boats, workboats, military vessels, construction equipment and other heavy-duty machinery.

Its product portfolio includes marine transmissions, propulsion systems, surface drives, electronic controls, boat-management systems, power take-offs, torque converters and industrial transmissions.