Wabash National Co. (NYSE:WNC) Announces $0.08 Quarterly Dividend

Wabash National Co. (NYSE:WNC) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Investors of record on Wednesday, July 3rd will be paid a dividend of 0.08 per share on Thursday, July 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, July 3rd.

Wabash National has increased its dividend payment by an average of 10.1% annually over the last three years. Wabash National has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wabash National to earn $2.87 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 11.1%.

Wabash National Trading Up 0.3 %

Shares of NYSE WNC opened at $22.20 on Thursday. Wabash National has a 12-month low of $20.09 and a 12-month high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The company has a market cap of $999.44 million, a price-to-earnings ratio of 5.34 and a beta of 1.62. The stock’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $25.18.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million during the quarter. Equities research analysts expect that Wabash National will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Insider Activity at Wabash National

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the sale, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.78% of the company’s stock.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.