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

Wabash National Co. (NYSE:WNC) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Stockholders 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 1.49%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Wabash National has raised its dividend by an average of 10.1% annually over the last three years. Wabash National has a payout ratio of 11.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5 %

Shares of WNC stock opened at $21.52 on Tuesday. The business’s 50 day moving average is $22.23 and its two-hundred day moving average is $24.98. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.07. The company has a market capitalization of $968.83 million, a P/E ratio of 5.17 and a beta of 1.56. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share 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 company had revenue of $515.28 million during the quarter. Equities analysts forecast that Wabash National will post 2.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on WNC. StockNews.com downgraded Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson restated a “neutral” rating and issued a $23.00 price target on shares of Wabash National in a research note on Monday, June 24th.

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.