Powell Industries, Inc. (NASDAQ:POWL) Announces $0.27 Quarterly Dividend

Key Points

• Powell Industries, Inc. announced a quarterly dividend of $0.27 per share, payable on September 17th to shareholders of record on August 20th, resulting in an annual yield of 0.5%.
• The company reported quarterly earnings of $3.96 per share, exceeding analysts' expectations with a net margin of 16.00% and a return on equity of 35.43%.
• Powell Industries maintains a low payout ratio of 7.2%, indicating that it can comfortably sustain its annual dividend of $1.07 based on projected earnings of $14.80 per share next year.

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Wednesday, August 20th will be given a dividend of 0.2675 per share by the industrial products company on Wednesday, September 17th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 20th.

Powell Industries has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Powell Industries to earn $14.80 per share next year, which means the company should continue to be able to cover its $1.07 annual dividend with an expected future payout ratio of 7.2%.

Powell Industries Price Performance

Shares of POWL stock traded up $10.44 during trading hours on Friday, reaching $243.85. 297,078 shares of the company were exchanged, compared to its average volume of 317,268. Powell Industries has a fifty-two week low of $146.02 and a fifty-two week high of $364.98. The stock's fifty day moving average is $209.68 and its two-hundred day moving average is $196.18. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.17 and a beta of 0.81.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company had revenue of $286.27 million for the quarter, compared to analyst estimates of $301.69 million. During the same period in the prior year, the business earned $3.79 earnings per share. Powell Industries's quarterly revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that Powell Industries will post 13.71 earnings per share for the current year.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.