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

by · The Cerbat Gem

Twin Disc, Incorporated (NASDAQ:TWIN – Get Free Report) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.04 per share by the industrial products company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

Twin Disc has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings.

Twin Disc Stock Up 0.7%

TWIN traded up $0.12 during mid-day trading on Friday, reaching $17.02. 6,145 shares of the stock were exchanged, compared to its average volume of 30,808. Twin Disc has a 1 year low of $6.16 and a 1 year high of $19.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 2.08. The stock has a market capitalization of $244.88 million, a PE ratio of 851.00 and a beta of 0.67. The company has a 50 day moving average price of $16.59 and a two-hundred day moving average price of $14.03.

Twin Disc (NASDAQ:TWIN – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Twin Disc had a net margin of 0.10% and a return on equity of 0.23%. The firm had revenue of $80.00 million for the quarter, compared to the consensus estimate of $98.60 million.

About Twin Disc

(Get Free Report)

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.

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