Twin Disc, Incorporated (NASDAQ:TWIN) Plans Quarterly Dividend of $0.04

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Monday, February 17th will be paid a dividend of 0.04 per share by the industrial products company on Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, February 14th.

Twin Disc Stock Performance

TWIN stock traded up $0.46 during mid-day trading on Thursday, reaching $11.39. 29,254 shares of the stock traded hands, compared to its average volume of 16,535. The firm has a market capitalization of $160.60 million, a PE ratio of 17.00 and a beta of 0.62. The business has a 50-day moving average of $11.64 and a two-hundred day moving average of $12.13. Twin Disc has a 52 week low of $10.22 and a 52 week high of $18.00. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.26% and a net margin of 3.09%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products 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 controls systems.