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

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.04 per share by the industrial products company on Monday, June 3rd. This represents a $0.16 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, May 17th.

Twin Disc Stock Performance

Shares of Twin Disc stock traded up $0.05 on Thursday, reaching $15.25. 3,142 shares of the company traded hands, compared to its average volume of 25,725. Twin Disc has a 52 week low of $10.80 and a 52 week high of $18.00. The company has a 50 day moving average of $16.32 and a 200 day moving average of $15.31. The firm has a market capitalization of $213.50 million, a PE ratio of 17.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.22 and a quick ratio of 0.87.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a net margin of 4.13% and a return on equity of 8.46%. The company had revenue of $72.99 million during the quarter.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Twin Disc from a “c+” rating to a “b-” rating in a research report on Monday, March 11th.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.