Wabash National Corporation (NYSE:WNC) Plans $0.08 Quarterly Dividend

Wabash National Corporation (NYSE:WNC) announced a quarterly dividend on Wednesday, August 19th. Shareholders of record on Thursday, October 8th will be paid a dividend of 0.08 per share on Thursday, October 29th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, October 8th.

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 $1.20 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 26.7%.

Wabash National Trading Up 1.1%

WNC opened at $12.17 on Thursday. The firm has a market capitalization of $495.97 million, a P/E ratio of -6.31 and a beta of 1.44. The firm’s 50 day moving average is $12.50 and its 200-day moving average is $10.22. Wabash National has a 52-week low of $6.63 and a 52-week high of $14.32. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.03. The business had revenue of $417.24 million for the quarter, compared to analysts’ expectations of $402.85 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share. Analysts expect that Wabash National will post -2.41 EPS for the current fiscal 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.