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

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.08 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, July 2nd.

Wabash National has increased its dividend payment by an average of 0.1%per year over the last three years. Wabash National has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wabash National to earn $1.57 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 20.4%.

Wabash National Stock Performance

Shares of Wabash National stock opened at $6.82 on Friday. The firm has a market cap of $277.33 million, a PE ratio of -4.26 and a beta of 1.61. The firm’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $9.18. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. Wabash National has a 1 year low of $6.72 and a 1 year high of $12.94.

Wabash National (NYSE:WNC) last posted its earnings results on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The company had revenue of $303.23 million for the quarter, compared to the consensus estimate of $319.03 million. During the same period last year, the company posted ($0.58) earnings per share. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. Equities analysts forecast that Wabash National will post -1.75 earnings per share for the current fiscal year.

Wabash National Company Profile

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.