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

Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders 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 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Wednesday, November 20th.

Powell Industries has raised its dividend by an average of 0.3% per year over the last three years. Powell Industries has a payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 1.4 %

Shares of POWL stock traded down $5.02 on Thursday, hitting $342.75. 61,579 shares of the stock were exchanged, compared to its average volume of 368,070. The firm’s 50 day moving average is $224.48 and its two-hundred day moving average is $182.60. Powell Industries has a one year low of $75.05 and a one year high of $350.48. The firm has a market capitalization of $4.11 billion, a PE ratio of 32.53, a P/E/G ratio of 1.54 and a beta of 0.86.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the sale, the insider now owns 682,265 shares in the company, valued at $145,704,513.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of Powell Industries stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the transaction, the insider now owns 682,265 shares of the company’s stock, valued at $145,704,513.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thomas W. Powell sold 10,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $246.14, for a total value of $2,461,400.00. Following the sale, the insider now owns 1,658,328 shares in the company, valued at approximately $408,180,853.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,350 shares of company stock worth $14,614,341. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

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

About Powell Industries

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.