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

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.08 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 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 dividend payout ratio of 31.7% indicating that 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 Price Performance

Wabash National stock opened at $11.48 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $9.95 and its 200 day simple moving average is $9.73. Wabash National has a 52 week low of $6.78 and a 52 week high of $13.15. The firm has a market capitalization of $465.33 million, a PE ratio of 2.36 and a beta of 1.67.

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