Powell Industries Declares Quarterly Cash Dividend
Rhea-AI Summary
Powell Industries (NASDAQ: POWL) declared a quarterly cash dividend of $0.09 per share. The dividend is payable on June 17, 2026 to shareholders of record at the close of business on May 20, 2026.
Powell Industries supplies custom engineered electrical distribution and protection equipment across oil & gas, utilities, industrial, light rail, universities and government markets.
Positive
- Dividend declared of $0.09 per share
- Payable June 17, 2026 to holders of record May 20, 2026
- Continues quarterly cash distribution to shareholders
Negative
- None.
News Market Reaction – POWL
On the day this news was published, POWL gained 9.16%, reflecting a notable positive market reaction. Argus tracked a peak move of +9.5% during that session. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $953M to the company's valuation, bringing the market cap to $11.35B at that time.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, May 05, 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 declared a quarterly cash dividend on the Company’s common stock of
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 |
