Powell Industries, Inc. (POWL) to Issue Quarterly Dividend of $0.27 on March 19th

Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.2675 per share by the industrial products company on Wednesday, March 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27.

Powell Industries has raised its dividend by an average of 0.6% per year over the last three years. Powell Industries has a payout ratio of 7.2% meaning 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 Trading Down 0.4 %

POWL stock opened at $213.38 on Monday. The firm has a 50 day moving average of $242.33 and a 200-day moving average of $233.56. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.28 and a beta of 0.87. Powell Industries has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. Sell-side analysts forecast that Powell Industries will post 13.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on POWL. Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price on the stock. Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday.

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.