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

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Thursday, January 29th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date is Wednesday, February 18th.

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

Twin Disc Trading Up 0.0%

NASDAQ TWIN traded up $0.01 on Friday, hitting $16.91. 9,125 shares of the company were exchanged, compared to its average volume of 30,902. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79. Twin Disc has a twelve month low of $6.16 and a twelve month high of $19.33. The firm has a market capitalization of $243.23 million, a P/E ratio of 845.25 and a beta of 0.67. The company’s 50 day moving average price is $16.59 and its 200-day moving average price is $14.03.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations 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.