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

Wabash National Co. (NYSE:WNC) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Thursday, January 9th will be given a dividend of 0.08 per share on Thursday, January 30th. This represents a $0.32 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, January 9th.

Wabash National has increased its dividend payment by an average of 10.1% per year over the last three years. Wabash National has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Wabash National to earn $1.24 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 25.8%.

Wabash National Stock Up 2.1 %

WNC opened at $19.32 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. The stock has a market capitalization of $837.11 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. The business has a 50-day moving average of $18.64 and a two-hundred day moving average of $20.14. Wabash National has a 12 month low of $15.94 and a 12 month high of $30.07.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The firm had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $477.35 million. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, research analysts expect that Wabash National will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.

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.