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POWELL INDUSTRIES DECLARES QUARTERLY CASH DIVIDEND

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Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on June 15, 2022, to shareholders of record by May 18, 2022. This dividend reflects the company's commitment to returning value to shareholders as a leading provider of custom-engineered solutions for electrical energy management. Powell serves diverse markets, including utilities and industrial sectors.

Positive
  • Quarterly cash dividend of $0.26 per share announced.
  • Demonstrates commitment to returning value to shareholders.
Negative
  • None.

HOUSTON, May 3, 2022 /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 June 15, 2022 to shareholders of record at the close of business on May 18, 2022.

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




Robert Winters or Ryan Coleman


Alpha IR Group


POWL@alpha-ir.com


312-445-2870

 

Cision View original content:https://www.prnewswire.com/news-releases/powell-industries-declares-quarterly-cash-dividend-301538812.html

SOURCE Powell Industries

FAQ

What is the dividend amount declared by Powell Industries?

Powell Industries declared a quarterly cash dividend of $0.26 per share.

When is the dividend payment date for Powell Industries?

The dividend is payable on June 15, 2022.

What is the record date for the dividend by Powell Industries?

The record date for the dividend is May 18, 2022.

How frequently does Powell Industries declare dividends?

Powell Industries typically declares dividends on a quarterly basis.

Powell Industries Inc

NASDAQ:POWL

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3.39B
11.99M
21.9%
99.3%
13.77%
Electrical Equipment & Parts
Switchgear & Switchboard Apparatus
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United States of America
HOUSTON