STOCK TITAN

POWELL INDUSTRIES DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend is payable on September 21, 2022, to shareholders on record by August 17, 2022. The company is noted for providing custom-engineered solutions for electrical energy management and services various industries, including utilities and oil and gas. For more details, visit powellind.com.

Positive
  • Quarterly cash dividend of $0.26 per share declared, reflecting company’s profitability and shareholder return.
Negative
  • None.

HOUSTON, Aug. 2, 2022  /PRNewswire/ -- 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 in the amount of $0.26 per share.  The dividend is payable on September 21, 2022 to shareholders of record at the close of business on August 17, 2022.

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

 

Cision View original content:https://www.prnewswire.com/news-releases/powell-industries-declares-quarterly-cash-dividend-301598355.html

SOURCE Powell Industries

FAQ

What is the amount of the dividend declared by Powell Industries in August 2022?

The dividend amount declared is $0.26 per share.

When will the dividend payment be made to shareholders?

The dividend payment will be made on September 21, 2022.

What is the record date for receiving the dividend from Powell Industries?

The record date for the dividend is August 17, 2022.

Powell Industries Inc

NASDAQ:POWL

POWL Rankings

POWL Latest News

POWL Stock Data

2.98B
11.99M
21.9%
98.64%
13.77%
Electrical Equipment & Parts
Switchgear & Switchboard Apparatus
Link
United States of America
HOUSTON