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

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 18th.

Twin Disc Stock Up 2.8 %

Shares of Twin Disc stock opened at $12.59 on Friday. The company has a quick ratio of 0.90, a current ratio of 2.21 and a debt-to-equity ratio of 0.25. Twin Disc has a 12-month low of $10.90 and a 12-month high of $18.00. The firm has a market capitalization of $177.52 million, a PE ratio of 18.79 and a beta of 0.61. The stock’s fifty day moving average is $12.15 and its 200-day moving average is $13.09.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. Twin Disc had a net margin of 3.09% and a return on equity of 4.32%. 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 research 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.