Powell Industries Declares Quarterly Cash Dividend

Rhea-AI Summary

Powell Industries, Inc. has declared a quarterly cash dividend of $0.2625 per share. The dividend will be payable on December 13, 2023, to shareholders of record on November 15, 2023.

HOUSTON, Oct. 31, 2023 (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 in the amount of $0.2625 per share. The dividend is payable on December 13, 2023 to shareholders of record at the close of business on November 15, 2023.

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

FAQ

What is the dividend amount declared by Powell Industries, Inc.?

Powell Industries, Inc. has declared a quarterly cash dividend of $0.2625 per share.

When will the dividend be payable?

The dividend will be payable on December 13, 2023.

Who are the shareholders eligible for the dividend?

Shareholders of record at the close of business on November 15, 2023, are eligible for the dividend.

Where can I find more information about Powell Industries, Inc.?

For more information, please visit powellind.com.