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.
News Market Reaction – POWL
In the trading session that priced this news, POWL gained 5.02%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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 |
