Twin Disc Inc. (TWIN) Tops Q2 EPS by 11c; Increases Quarterly Dividend 14.3% to $0.08; 1.1% Yield

Twin Disc Inc. (Nasdaq: TWIN) reported Q2 EPS of $0.35, $0.11 better than the analyst estimate of $0.24. Revenue for the quarter came in at $75.16 million versus the consensus estimate of $65.73 million. Additionally, the company declared a quarterly dividend of $0.08 per common share, $0.32 annualized. The dividend is a 14.3% increase from the current rate of $0.07. The dividend is payable on March 1, 2011, to shareholders of record on February 11, 2011. The ex-dividend date is February 9, 2011. Yield on the dividend is 1.1%.... Read more

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