Powell Industries, Inc. (NASDAQ:POWL) Announces Quarterly Dividend of $0.09

Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share by the industrial products company on Wednesday, December 16th. This represents a $0.36 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, November 18th.

Powell Industries has a dividend payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Powell Industries to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.2%.

Powell Industries Stock Down 8.0%

Powell Industries stock opened at $150.19 on Wednesday. Powell Industries has a twelve month low of $92.59 and a twelve month high of $328.00. The firm has a 50 day moving average price of $178.50 and a 200-day moving average price of $212.21. The company has a market capitalization of $5.47 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.60 and a beta of 1.25.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%. The company had revenue of $311.74 million during the quarter, compared to the consensus estimate of $316.70 million. During the same period last year, the firm posted $3.96 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts expect that Powell Industries will post 5.36 EPS for the current fiscal year.

About Powell Industries

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.