Twin Disc Reinstates Quarterly Cash Dividend
November 02 2023 - 7:00AM
Twin Disc, Inc. (NASDAQ: TWIN), today announced
that the Board of Directors (the "Board") reinstated a regular
quarterly cash dividend of $0.04 per share payable on December 1,
2023, to shareholders of record at the close of business on
November 17, 2023. This resumption of Twin Disc’s quarterly
dividend following the suspension of the program in February 2016
reflects the Company’s ongoing progress towards achieving its
medium-term financial targets.
John H. Batten, President and Chief Executive Officer of Twin
Disc, commented: "I am very pleased with the Board's decision to
reinstate the quarterly cash dividend. Today's announcement
underscores the hard work of our teams in driving enhancements
throughout our business as we capture improved end market demand,
supporting long-term, profitable growth. We look forward to keeping
up this momentum and delivering sustained value for our
shareholders well into the future.”
About Twin DiscTwin Disc, Inc.
designs, manufactures and sells marine and heavy-duty off-highway
power transmission equipment. Products offered 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 control
systems. The Company sells its products to customers primarily in
the pleasure craft, commercial and military marine markets, as well
as in the energy and natural resources, government and industrial
markets. The Company’s worldwide sales to both domestic and foreign
customers are transacted through a direct sales force and a
distributor network. For more information, please visit
www.twindisc.com.
Investors: RiveronTwinDiscIR@riveron.com
Source: Twin Disc, Incorporated
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