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 December 18, 2024, to shareholders of record as of November 20, 2024. The company is a leading supplier of custom engineered solutions for electrical energy management, control, and distribution, serving major industrial customers including utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Positive
- Maintaining consistent dividend payments, demonstrating financial stability
- Diverse customer base across multiple industrial sectors
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, POWL gained 18.13%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, Nov. 05, 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
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. 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
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