Powell Industries Declares Quarterly Cash Dividend

Rhea-AI Summary

Powell Industries, Inc. (NASDAQ: POWL) announced a quarterly cash dividend of $0.26 per share, payable on December 15, 2021, to shareholders of record by the close of business on November 17, 2021. The company, based in Houston, specializes in custom-engineered solutions for managing and distributing electrical energy, serving sectors including utilities, oil and gas, and manufacturing. This dividend marks a commitment to returning value to shareholders amidst its operational activities in diverse industrial markets.

Positive

• Quarterly cash dividend of $0.26 per share enhances shareholder return.
• Demonstrates company confidence and commitment to providing value.

Negative

• None.

HOUSTON, Nov. 2, 2021 /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 December 15, 2021 to shareholders of record at the close of business on November 17, 2021.

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

View original content:https://www.prnewswire.com/news-releases/powell-industries-declares-quarterly-cash-dividend-301414357.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 will Powell Industries' dividend be paid?

The dividend will be paid on December 15, 2021.

What is the record date for Powell Industries' dividend?

The record date for the dividend is November 17, 2021.

How frequently does Powell Industries declare dividends?

Powell Industries declares dividends quarterly.

Is Powell Industries' dividend sustainable?

The sustainability of Powell Industries' dividend would depend on the company's financial performance and cash flow.