Wabash National Co. (WNC) to Issue Quarterly Dividend of $0.08 on January 30th

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

Wabash National has raised its dividend by an average of 10.1% annually over the last three years. Wabash National has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of WNC opened at $19.31 on Friday. The business’s 50 day simple moving average is $18.64 and its 200-day simple moving average is $20.14. Wabash National has a one year low of $15.94 and a one year high of $30.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. As a group, equities analysts anticipate that Wabash National will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a research 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.