Powell Industries Declares Quarterly Cash Dividend

Rhea-AI Summary

Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share, payable on September 18, 2024 to shareholders of record as of August 14, 2024. The company, headquartered in Houston, Texas, is a leading supplier of custom-engineered solutions for electrical energy management, control, and distribution. Powell serves diverse markets including oil and gas, petrochemical, electric utility, light rail traction power, and various industrial sectors such as data centers, mining, and pulp and paper. Their products are important for protecting and controlling electrically powered equipment in these industries.

Positive

• Consistent dividend payment indicates financial stability
• Diverse market presence across multiple industries
• Specialized in custom-engineered solutions for critical infrastructure

Negative

• None.

HOUSTON, July 30, 2024 (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 $0.2650 per share. The dividend is payable on September 18, 2024 to shareholders of record at the close of business on August 14, 2024.

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. serves the oil and gas and petrochemical markets that include onshore and offshore production, hydrogen, carbon capture, liquefied natural gas (LNG) facilities and terminals, pipelines, refineries, and petrochemical plants. Additional markets include electric utility, light rail traction power, and commercial and other industrial markets that include end markets such as data centers, mining and metals, and pulp and paper. 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 is the dividend amount declared by Powell Industries (POWL) for Q3 2024?

Powell Industries (POWL) has declared a quarterly cash dividend of $0.2650 per share for Q3 2024.

When is the dividend payable for Powell Industries (POWL) shareholders?

The dividend is payable on September 18, 2024 to shareholders of record at the close of business on August 14, 2024.

What industries does Powell Industries (POWL) serve?

Powell Industries serves various industries including oil and gas, petrochemical, electric utility, light rail traction power, data centers, mining and metals, and pulp and paper.

What type of products does Powell Industries (POWL) manufacture?

Powell Industries develops, designs, manufactures, and services custom-engineered equipment and systems for distributing, controlling, and monitoring electrical energy flow, as well as protecting electrical equipment.