Powell Industries Raises Quarterly Dividend to $0.2675 Per Share

Rhea-AI Summary

Powell Industries (NASDAQ: POWL) has announced a quarterly cash dividend increase to $0.2675 per share. The dividend will be paid on March 19, 2025, to shareholders of record as of February 19, 2025.

Powell Industries is a Houston-based company that specializes in designing, manufacturing, and servicing custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. Their primary markets include utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.

Positive

• Increased quarterly dividend payment to shareholders
• Demonstrates company's financial stability and commitment to shareholder returns

Negative

• None.

HOUSTON, Feb. 04, 2025 (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 $0.2675 per share. The dividend is payable on March 19, 2025 to shareholders of record at the close of business on February 19, 2025.

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

What is Powell Industries' (POWL) new quarterly dividend amount for 2025?

Powell Industries' new quarterly dividend amount is $0.2675 per share.

When is the payment date for POWL's latest dividend?

The dividend payment date is March 19, 2025.

What is the record date for Powell Industries' Q1 2025 dividend?

The record date for the dividend is February 19, 2025.

Which industries does Powell Industries (POWL) serve?

Powell Industries serves utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.

What type of products does POWL manufacture?

Powell Industries designs, manufactures, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy.