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

Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Wednesday, November 19th will be paid a dividend of 0.2675 per share by the industrial products company on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, November 19th.

Powell Industries has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Powell Industries has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.3%

Shares of NASDAQ:POWL traded up $8.72 during midday trading on Wednesday, hitting $388.85. The company had a trading volume of 8,870 shares, compared to its average volume of 339,992. Powell Industries has a 12 month low of $146.02 and a 12 month high of $413.00. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.95 and a beta of 0.81. The firm has a fifty day simple moving average of $313.12 and a 200 day simple moving average of $244.04.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Powell Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $312.00.

About Powell Industries

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.