Wabtec (WAB) to Issue Quarterly Dividend of $0.25 on November 26th

Wabtec (NYSE:WAB) declared a quarterly dividend on Thursday, October 16th. Stockholders of record on Wednesday, November 12th will be given a dividend of 0.25 per share by the transportation company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th.

Wabtec has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Wabtec has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wabtec to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.4%.

Wabtec Stock Performance

NYSE WAB opened at $206.13 on Monday. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The stock has a market capitalization of $35.24 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.55 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $196.02 and a 200 day moving average of $198.45.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business earned $2.00 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Sell-side analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.