Twin Disc, Incorporated (NASDAQ:TWIN) Shares to Pay Quarterly Dividend of $0.05

Key Points

• Twin Disc declared a quarterly dividend of $0.05 per share, payable December 1 to shareholders of record on November 18. The dividend equates to $0.20 annually and a 0.8% yield, with a 17.9% payout ratio.
• Twin Disc shares opened at $24.75, up 3.2%, with a market capitalization of approximately $359.9 million and a 52-week range of $14.22 to $29.24.
• The company’s latest quarterly results exceeded expectations, reporting earnings per share of $0.64 versus the $0.23 consensus and revenue of $114.4 million compared with estimates of $100.35 million.

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

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

Twin Disc Stock Up 3.2%

Shares of NASDAQ TWIN opened at $24.75 on Tuesday. The firm's fifty day moving average is $25.08 and its 200 day moving average is $20.57. Twin Disc has a 52 week low of $14.22 and a 52 week high of $29.24. The company has a quick ratio of 0.84, a current ratio of 2.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $359.87 million, a price-to-earnings ratio of 29.28 and a beta of 0.59.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $114.40 million during the quarter, compared to the consensus estimate of $100.35 million. Twin Disc had a net margin of 9.06% and a return on equity of 6.78%.

About Twin Disc

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.

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