Powell Industries, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.2675 per share on the Company’s common stock. This represents an increase from the previous quarterly dividend of $0.2650 per share.
The dividend is scheduled to be payable on March 19, 2025, to shareholders of record at the close of business on February 19, 2025. This adjustment reflects the company's ongoing commitment to returning value to its shareholders.
The decision to increase the dividend signals the Board's confidence in Powell Industries' sustained financial performance and its ability to generate consistent cash flow. This move is a positive indicator for investors seeking stable income and reflects a healthy financial outlook for the company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.