Twin Disc Inc. Declares New Dividend for Shareholders
Twin Disc Inc. Declares New Dividend for Shareholders
MILWAUKEE – Twin Disc, Inc. (NASDAQ: TWIN) has officially announced that its Board of Directors has approved a quarterly cash dividend of $0.04 per share. This dividend is set to be paid on June 2 to shareholders who are on record as of May 19.
Overview of Twin Disc, Inc.
Twin Disc, Inc. excels in the design and manufacturing of power transmission equipment for marine and heavy-duty off-highway applications. The company's portfolio includes marine transmissions, azimuth drives, surface drives, and innovative boat management systems. In addition to these marine products, Twin Disc also offers power-shift transmissions, hydraulic torque converters, and industrial clutches. These high-quality products cater to various sectors, including pleasure craft, commercial marine, military marine industries, as well as energy, natural resources, and governmental markets.
Global Reach and Sales Network
The company's sales approach is remarkably effective, utilizing a combination of a direct sales force and a robust distributor network to reach customers worldwide. This allows Twin Disc to provide their solutions both domestically and internationally, ensuring a broad market presence that meets the needs of diverse industries.
Company Commitment to Shareholders
The declaration of the quarterly dividend marks Twin Disc's commitment to enhancing shareholder value and providing consistent returns. This strategy not only reflects the company's financial stability but also its intent to reward long-term investors who believe in its mission and vision. By approving this dividend, the Board emphasizes the importance of maintaining strong relationships with shareholders, reinforcing the company’s solid financial footing.
Your Investment in Twin Disc
Investing in Twin Disc offers potential for growth due to its innovative approach and commitment to quality. The company regularly updates its product lines to incorporate the latest technological advancements, ensuring efficiency and performance in its offerings. The continued investment into research and development also sets Twin Disc apart in its sector and provides reassurance of its future prospects to investors.
Contact Information for Investors
For any investor-related inquiries, Twin Disc encourages reaching out to its dedicated investor relations team at Riveron. Shareholders and interested parties can contact them at TwinDiscIR@riveron.com for further assistance and information.
Frequently Asked Questions
What is the new dividend amount declared by Twin Disc?
Twin Disc declared a quarterly cash dividend of $0.04 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on June 2.
What does Twin Disc do?
Twin Disc designs and manufactures power transmission equipment for marine and heavy-duty applications.
How can investors contact Twin Disc for more information?
Investors can reach out via email at TwinDiscIR@riveron.com.
What markets does Twin Disc serve?
Twin Disc serves various markets, including pleasure craft, commercial marine, military, and energy sectors.
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