Twin Disc, Incorporated Announces Quarterly Dividend of $0.04 (NASDAQ:TWIN)

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.04 per share by the industrial products company on Monday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Monday, August 19th.

Twin Disc Stock Down 1.8 %

NASDAQ:TWIN traded down $0.22 on Wednesday, reaching $12.15. 15,433 shares of the stock traded hands, compared to its average volume of 46,522. The company’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $14.82. Twin Disc has a 12 month low of $10.90 and a 12 month high of $18.00. The company has a market capitalization of $170.10 million, a price-to-earnings ratio of 13.97 and a beta of 0.64. The company has a current ratio of 2.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

Insider Transactions at Twin Disc

In related news, CEO John H. Batten sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total transaction of $107,574.48. Following the completion of the sale, the chief executive officer now directly owns 378,388 shares in the company, valued at $5,312,567.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.30% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.