Twin Disc, Incorporated (TWIN) to Issue Quarterly Dividend of $0.04 on March 3rd

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Monday, February 17th will be paid a dividend of 0.04 per share by the industrial products company on Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, February 14th.

Twin Disc Price Performance

TWIN traded down $0.23 on Friday, hitting $11.16. 25,337 shares of the company were exchanged, compared to its average volume of 16,901. The business’s fifty day moving average is $11.61 and its 200 day moving average is $12.12. The firm has a market capitalization of $157.36 million, a P/E ratio of 16.66 and a beta of 0.62. Twin Disc has a fifty-two week low of $10.22 and a fifty-two week high of $18.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 2.23.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.26% and a net margin of 3.09%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 30th.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.