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

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Thursday, January 29th. Investors 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) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, February 18th.

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

Twin Disc Trading Up 0.7%

TWIN traded up $0.12 during trading on Friday, reaching $17.02. 6,145 shares of the stock traded hands, compared to its average volume of 30,808. The company has a quick ratio of 0.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $16.59 and its 200 day moving average is $14.03. Twin Disc has a 12 month low of $6.16 and a 12 month high of $19.33. The stock has a market capitalization of $244.88 million, a PE ratio of 851.00 and a beta of 0.67.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.The business had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million.

Twin Disc Company Profile

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.