Powell announced that Board has approved a 1% increase to common stock dividend for the second consecutive year. “This action demonstrates both our commitment to delivering shareholders’ return as well as our prudent approach to capital allocation in order to ensure sufficient liquidity to fund our expanding working capital requirements and growth aspirations,” said management.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on POWL:
- Powell Industries Raises Quarterly Dividend to $0.2650 Per Share
- Powell Industries Announces Fiscal 2024 First Quarter Results
- Powell Industries Announces Date and Conference Call for Fiscal 2024 First Quarter Results
- Powell Industries Announces Fiscal 2023 Fourth Quarter And Full Year Results
- POWL Upcoming Earnings Report: What to Expect?