Twin Disc Approves a Quarterly Cash Dividend
Rhea-AI Summary
Twin Disc (NASDAQ: TWIN) has announced a quarterly cash dividend of $0.04 per share, approved by its Board of Directors. The dividend will be payable on September 2, 2024, to shareholders of record at the close of business on August 19, 2024. Twin Disc specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product range includes marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The company serves various markets, including pleasure craft, commercial and military marine, energy and natural resources, government, and industrial sectors, through a direct sales force and distributor network.
Positive
- Consistent dividend payment, indicating financial stability
- Diverse product portfolio catering to multiple industries
- Global sales network through direct sales and distributors
Negative
- Relatively low dividend amount of $0.04 per share
News Market Reaction
On the day this news was published, TWIN declined 1.78%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MILWAUKEE, Aug. 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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