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

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.04 per share by the industrial products company on Monday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, August 19th.

Twin Disc Trading Up 1.1 %

NASDAQ:TWIN traded up $0.13 during trading hours on Wednesday, reaching $12.28. 3,781 shares of the company were exchanged, compared to its average volume of 46,239. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 0.90. The firm has a market cap of $171.92 million, a price-to-earnings ratio of 13.97 and a beta of 0.64. Twin Disc has a 52-week low of $10.90 and a 52-week high of $18.00. The stock has a 50 day simple moving average of $13.03 and a 200 day simple moving average of $14.82.

Insiders Place Their Bets

In other Twin Disc news, CEO John H. Batten sold 7,662 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total transaction of $107,574.48. Following the transaction, the chief executive officer now owns 378,388 shares of the company’s stock, valued at $5,312,567.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.30% of the stock is currently owned by insiders.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.