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

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 18th will be given a dividend of 0.04 per share by the industrial products company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, May 18th.

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

Twin Disc Stock Down 2.3%

Shares of Twin Disc stock traded down $0.38 on Friday, hitting $16.14. 970 shares of the company traded hands, compared to its average volume of 46,125. The company has a 50-day moving average price of $16.61 and a 200 day moving average price of $16.47. The company has a quick ratio of 0.75, a current ratio of 2.12 and a debt-to-equity ratio of 0.22. Twin Disc has a 12-month low of $6.69 and a 12-month high of $19.63. The company has a market cap of $232.68 million, a PE ratio of 10.72 and a beta of 0.72.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.17). Twin Disc had a net margin of 6.26% and a return on equity of 0.02%. The company had revenue of $90.18 million for the quarter, compared to analysts’ expectations of $92.80 million.

About Twin Disc

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.