Twin Disc Approves a Quarterly Cash Dividend
Rhea-AI Summary
Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on December 2, 2024, to shareholders of record at the close of business on November 18, 2024. Twin Disc designs and manufactures marine and heavy-duty off-highway power transmission equipment, serving pleasure craft, commercial and military marine markets, as well as energy, natural resources, government, and industrial sectors.
Positive
- Consistent dividend payment maintained at $0.04 per share
- Demonstrates company's commitment to shareholder returns
Negative
- None.
News Market Reaction – TWIN
On the day this news was published, TWIN gained 1.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MILWAUKEE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of
About Twin Disc
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. For more information, please visit www.twindisc.com.
Investors:
Riveron
TwinDiscIR@riveron.com
Source: Twin Disc, Incorporated
FAQ
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