Powell Industries Declares an Increase to the Quarterly Cash Dividend

Rhea-AI Summary

Powell Industries (NASDAQ: POWL) said its Board approved an increase to the quarterly cash dividend to $0.27 per share, raising the annualized payout to $1.08 per share from $1.07. The dividend is payable March 18, 2026, to shareholders of record on February 18, 2026.

The company supplies custom engineered electrical equipment across oil & gas, electric utility, industrial and other markets.

Positive

• Quarterly dividend raised to $0.27 per share
• Annualized dividend increased to $1.08 per share
• Clear near-term cash return with March 18, 2026 payment date

Negative

• Dividend increase is modest: annualized change of $0.01
• No accompanying guidance or capital-allocation details provided

Market Reaction

-4.66% $432.12

15m delay 11 alerts

-4.66% Since News

$432.12 Last Price

$427.48 $467.77 Day Range

-$269M Valuation Impact

$5.50B Market Cap

1.2x Rel. Volume

Following this news, POWL has declined 4.66%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 11 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $432.12. This price movement has removed approximately $269M from the company's valuation.

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HOUSTON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has approved an increase to the quarterly cash dividend on the Company’s common stock to $0.27 per share, equating to an annualized dividend of $1.08 per share from the current $1.07 per share. The dividend is payable on March 18, 2026, to shareholders of record at the close of business on February 18, 2026.

Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Powell Industries, Inc. primarily serves the oil and gas and petrochemical markets, the electric utility market, and commercial and other industrial markets. Beyond these major markets, we also provide products and services to the light rail traction power market and other markets that include universities and government entities. We are continuously developing new channels to electrical markets through original equipment manufacturers and distribution market channels. For more information, please visit powellind.com.

Contact:	Michael Metcalf, CFO Powell Industries, Inc. 713-947-4422
	Robert Winters or Ryan Coleman Alpha IR Group POWL@alpha-ir.com 312-445-2870

FAQ

What dividend did Powell Industries (POWL) declare on February 3, 2026?

Powell Industries declared a quarterly cash dividend of $0.27 per share. According to the company, this raises the annualized dividend to $1.08 per share, up from $1.07 previously, effective for the March 18, 2026 payment.

When is the Powell Industries (POWL) dividend payable and who is eligible?

The dividend is payable on March 18, 2026 to shareholders of record at close of business on February 18, 2026. According to the company, investors on the record date will receive the announced cash payment on the payable date.

How much did Powell Industries (POWL) increase its annualized dividend by?

The annualized dividend was increased by $0.01 to $1.08 per share. According to the company, the change reflects a small raise from the prior annualized level of $1.07 per share.

What does the Powell Industries (POWL) dividend increase mean for shareholders?

Shareholders receive a slightly higher cash yield via the raised quarterly dividend to $0.27. According to the company, the announced payment maintains a regular cash return and confirms board-level disposition to return capital.

Where does Powell Industries (POWL) primarily operate and serve markets?

Powell Industries supplies custom engineered electrical equipment to oil & gas, petrochemical, electric utility, industrial, light rail, university, and government markets. According to the company, these end markets are core to its design, manufacture, and service operations.