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

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.04 per share by the industrial products company on Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, November 18th.

Twin Disc Stock Up 1.8 %

Twin Disc stock traded up $0.22 during mid-day trading on Thursday, reaching $12.25. 61,404 shares of the company were exchanged, compared to its average volume of 39,092. The business has a fifty day moving average of $12.15 and a 200 day moving average of $13.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.21. The firm has a market cap of $172.73 million, a P/E ratio of 15.71 and a beta of 0.61. Twin Disc has a 12-month low of $10.90 and a 12-month high of $18.00.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. Twin Disc had a return on equity of 5.47% and a net margin of 3.72%. The company had revenue of $84.42 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.