May 7, 2019   SOURCE: PR NewsWire

Powell Industries Declares Quarterly Cash Dividend

HOUSTON, May 7, 2019 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.26 per share. The dividend is payable on June 19, 2019 to shareholders of record at the close of business on May 22, 2019.

Powell Industries, Inc., headquartered in Houston, engineers packaged solutions and systems for the management, control and distribution of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please visit powellind.com.


            Contact:          
            Mike Metcalf, CFO


                                        Powell Industries, Inc.


                               
            713-947-4422




                                        Ken Dennard /Natalie
                                         Hairston


                                        Dennard Lascar Investor
                                         Relations


                               
            713-529-6600

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SOURCE Powell Industries, Inc.