Powell Industries declares a quarterly cash dividend of $0.2675 per share, payable June 18, 2025.
Quiver AI Summary
Powell Industries, Inc. has announced a quarterly cash dividend of $0.2675 per share on its common stock, which will be distributed on June 18, 2025, to shareholders who are on record as of May 21, 2025. The company, based in Houston, specializes in custom-engineered solutions for the control and distribution of electrical energy, serving a variety of large industrial sectors including utilities, oil and gas, refineries, and mining. For further details, contact the company's CFO or the investor relations group.
Potential Positives
- The Board of Directors declared a quarterly cash dividend of $0.2675 per share, demonstrating the company's commitment to returning value to shareholders.
- The scheduled payment date of the dividend on June 18, 2025, indicates the company's positive cash flow and financial stability.
- Announcement of the dividend may attract new investors and improve shareholder confidence in the company.
Potential Negatives
- The announcement of a cash dividend may indicate that the company has limited opportunities for reinvestment in growth or expansion, raising concerns about the long-term strategic direction.
- The timing of the dividend declaration, during a period of economic uncertainty or potential industry challenges, might signal a defensive posture rather than a focus on aggressive market growth.
- The dependence on dividends could detract from the company’s ability to allocate funds for innovation or addressing competitive pressures in a rapidly evolving energy sector.
FAQ
What is the latest dividend declared by Powell Industries?
Powell Industries has declared a quarterly cash dividend of $0.2675 per share on its common stock.
When is the dividend payable to shareholders?
The dividend is payable on June 18, 2025, to shareholders of record as of May 21, 2025.
Who is eligible to receive the dividend?
Shareholders of record at the close of business on May 21, 2025, are eligible for the dividend.
What type of solutions does Powell Industries provide?
Powell Industries supplies custom engineered solutions for the management, control, and distribution of electrical energy.
Which industries does Powell Industries serve?
Powell Industries serves large industrial customers including utilities, oil and gas producers, and petrochemical plants.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$POWL Insider Trading Activity
$POWL insiders have traded $POWL stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $POWL stock by insiders over the last 6 months:
- THOMAS W POWELL has made 0 purchases and 7 sales selling 10,000 shares for an estimated $3,462,081.
- TERRY B MCKERTCHER (Vice President, Operations) sold 1,700 shares for an estimated $493,000
- JOHN BIRCHALL (Managing Director) sold 1,700 shares for an estimated $493,000
- WILLIAM MARSHALL JR MAUNEY (Vice President, R&D) has made 0 purchases and 2 sales selling 1,000 shares for an estimated $284,161.
- MICHAEL WILLIAM METCALF (Exec Vice President) sold 646 shares for an estimated $129,355
- BRETT ALAN COPE (President & CEO) sold 446 shares for an estimated $89,208
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$POWL Hedge Fund Activity
We have seen 195 institutional investors add shares of $POWL stock to their portfolio, and 188 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. removed 385,888 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $85,532,075
- DEMARS FINANCIAL GROUP, LLC added 344,578 shares (+inf%) to their portfolio in Q1 2025, for an estimated $58,691,970
- RENAISSANCE TECHNOLOGIES LLC removed 178,300 shares (-53.0%) from their portfolio in Q4 2024, for an estimated $39,520,195
- GW&K INVESTMENT MANAGEMENT, LLC added 164,292 shares (+inf%) to their portfolio in Q1 2025, for an estimated $27,983,856
- INVESCO LTD. added 151,850 shares (+134.0%) to their portfolio in Q4 2024, for an estimated $33,657,552
- WELLINGTON MANAGEMENT GROUP LLP removed 135,313 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $29,992,126
- BLACKROCK, INC. removed 109,386 shares (-7.0%) from their portfolio in Q1 2025, for an estimated $18,631,717
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company’s common stock of $0.2675 per share. The dividend is payable on June 18, 2025, to shareholders of record at the close of business on May 21, 2025.
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please visit powellind.com .
| Contact: | Michael Metcalf, CFO |
| Powell Industries, Inc. | |
| 713-947-4422 | |
| Robert Winters or Ryan Coleman | |
| Alpha IR Group | |
| [email protected] | |
| 312-445-2870 |
