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 March 3, 2025, to shareholders of record at the close of business on February 17, 2025.

The company specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product portfolio 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. Twin Disc 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 indicates financial stability
• Maintains quarterly dividend program showing commitment to shareholder returns
• Diversified product portfolio across multiple market segments

Negative

• Low dividend amount of $0.04 per share may indicate cash distribution capacity

MILWAUKEE, Wis., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on March 3, 2025, to shareholders of record at the close of business on February 17, 2025.

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

When is Twin Disc (TWIN) paying its next dividend?

Twin Disc will pay its next quarterly dividend of $0.04 per share on March 3, 2025.

What is the record date for Twin Disc's (TWIN) latest dividend?

The record date for Twin Disc's latest dividend is February 17, 2025.

How much is Twin Disc's (TWIN) quarterly dividend payment?

Twin Disc's quarterly dividend payment is $0.04 per share.

What markets does Twin Disc (TWIN) serve with its power transmission equipment?

Twin Disc serves pleasure craft, commercial and military marine markets, as well as energy and natural resources, government, and industrial markets.

How does Twin Disc (TWIN) distribute its products?

Twin Disc distributes its products through a direct sales force and a distributor network to both domestic and foreign customers.