Powell Industries, Inc. (NASDAQ:POWL) to Issue $0.27 Quarterly Dividend

Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.265 per share by the industrial products company on Wednesday, December 18th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Wednesday, November 20th.

Powell Industries has increased its dividend payment by an average of 0.3% annually over the last three years. Powell Industries has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Powell Industries to earn $12.44 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 8.5%.

Powell Industries Stock Down 1.4 %

POWL stock traded down $5.02 during mid-day trading on Thursday, reaching $342.75. 61,579 shares of the company traded hands, compared to its average volume of 368,070. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 1.54 and a beta of 0.86. Powell Industries has a fifty-two week low of $75.05 and a fifty-two week high of $350.48. The firm’s 50 day moving average price is $224.48 and its 200 day moving average price is $182.60.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Insider Activity

In other Powell Industries news, CEO Brett Alan Cope sold 2,750 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the sale, the chief executive officer now directly owns 145,987 shares of the company’s stock, valued at approximately $23,711,208.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director James W. Mcgill sold 6,600 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the sale, the director now directly owns 9,660 shares of the company’s stock, valued at approximately $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brett Alan Cope sold 2,750 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the transaction, the chief executive officer now directly owns 145,987 shares in the company, valued at approximately $23,711,208.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,350 shares of company stock worth $14,614,341 over the last quarter. Insiders own 2.20% of the company’s stock.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.