Wabash National Corporation (WNC) to Issue Quarterly Dividend of $0.08 on April 23rd

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.08 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Wabash National has raised its dividend payment by an average of 0.1%annually over the last three years. Wabash National has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wabash National to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.8%.

Wabash National Stock Up 1.7%

Shares of WNC stock traded up $0.20 on Friday, hitting $11.85. The company’s stock had a trading volume of 566,682 shares, compared to its average volume of 689,017. The stock has a market capitalization of $480.25 million, a price-to-earnings ratio of 2.43 and a beta of 1.67. Wabash National has a fifty-two week low of $6.78 and a fifty-two week high of $13.15. The firm’s fifty day moving average price is $9.95 and its 200-day moving average price is $9.73. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 0.79.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.16). The company had revenue of $321.45 million for the quarter, compared to the consensus estimate of $318.32 million. Wabash National had a net margin of 13.71% and a negative return on equity of 22.80%. Wabash National’s quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. Research analysts anticipate that Wabash National will post 0.94 EPS for the current year.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.