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Powell Industries Declares Quarterly Cash Dividend

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Powell Industries has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend will be paid on September 16, 2020, to shareholders who are on record as of the close of business on August 19, 2020. Powell Industries is recognized for supplying custom-engineered solutions for the management and distribution of electrical energy, serving large industrial sectors including utilities, oil and gas, and mining operations.

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  • Quarterly cash dividend of $0.26 per share declared.
  • Dividend payment date set for September 16, 2020, enhancing shareholder returns.
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  • None.

HOUSTON, Aug. 4, 2020 /PRNewswire/ -- 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 in the amount of $0.26 per share.  The dividend is payable on September 16, 2020 to shareholders of record at the close of business on August 19, 2020.

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, 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




Ken Dennard / Natalie Hairston


Dennard Lascar Investor Relations


713-529-6600

 

Cision View original content:http://www.prnewswire.com/news-releases/powell-industries-declares-quarterly-cash-dividend-301105986.html

SOURCE Powell Industries, Inc.

FAQ

What is the dividend amount declared by Powell Industries?

Powell Industries has declared a dividend of $0.26 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 16, 2020.

What is the record date for the dividend?

The record date for the dividend is August 19, 2020.

How often does Powell Industries pay dividends?

Powell Industries pays dividends quarterly.

Who are the primary customers of Powell Industries?

Powell Industries serves large industrial customers including utilities, oil and gas producers, and mining operations.

Powell Industries Inc

NASDAQ:POWL

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Electrical Equipment & Parts
Switchgear & Switchboard Apparatus
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United States of America
HOUSTON