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

Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Tuesday, May 21st, Zacks reports. Investors of record on Wednesday, July 3rd will be given a dividend of 0.08 per share on Thursday, July 25th. This represents a $0.32 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Wabash National has increased its dividend by an average of 10.1% per year over the last three years. Wabash National has a dividend payout ratio of 11.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wabash National to earn $2.77 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 11.6%.

Wabash National Stock Up 1.8 %

Shares of WNC opened at $21.84 on Monday. The company’s 50-day simple moving average is $22.32 and its 200-day simple moving average is $25.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The stock has a market capitalization of $983.24 million, a PE ratio of 5.25 and a beta of 1.56.

Wabash National (NYSE:WNC) last posted its quarterly 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). The business had revenue of $515.28 million during the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. Analysts forecast that Wabash National will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WNC. DA Davidson reiterated a “neutral” rating and set a $23.00 price target on shares of Wabash National in a research note on Monday, June 24th. StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

About Wabash National

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.