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

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Thursday, February 6th,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 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, February 14th.

Twin Disc Stock Performance

Shares of TWIN opened at $11.39 on Friday. The business has a 50-day simple moving average of $11.64 and a two-hundred day simple moving average of $12.13. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. Twin Disc has a 52 week low of $10.22 and a 52 week high of $18.00. The stock has a market cap of $160.60 million, a price-to-earnings ratio of 17.00 and a beta of 0.62.

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

Analyst Ratings Changes

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a 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.