Powell Industries Declares Quarterly Cash Dividend
Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share. The dividend will be payable on June 12, 2024, to stockholders of record as of May 15, 2024. Powell Industries is a top provider of custom engineered solutions for electrical energy management, control, and distribution.
Positive
- Powell Industries declared a quarterly cash dividend of $0.2650 per share, indicating financial stability and commitment to shareholders.
Negative
- None.
News Market Reaction
On the day this news was published, POWL gained 18.89%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company’s common stock of
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, data centers, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please visit powellind.com.
| Contact: | Michael Metcalf, CFO |
| Powell Industries, Inc. | |
| 713-947-4422 | |
| Robert Winters or Ryan Coleman | |
| Alpha IR Group | |
| POWL@alpha-ir.com | |
| 312-445-2870 |
FAQ
When will Powell Industries pay the quarterly cash dividend to stockholders?
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