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

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors 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 1.44%. The ex-dividend date is Friday, February 14th.

Twin Disc Stock Down 0.3 %

Shares of NASDAQ TWIN opened at $11.08 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.84. Twin Disc has a 1 year low of $10.22 and a 1 year high of $18.00. The stock has a market capitalization of $156.71 million, a P/E ratio of 16.53 and a beta of 0.62. The company has a 50-day moving average price of $11.56 and a 200-day moving average price of $12.06.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data 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 4.24% and a net margin of 2.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

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.