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

Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, January 9th.

Wabash National has increased its dividend 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. 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 Stock Performance

Shares of WNC opened at $19.32 on Friday. The business’s 50 day moving average is $18.64 and its two-hundred day moving average is $20.14. Wabash National has a 52-week low of $15.94 and a 52-week high of $30.07. The firm has a market cap of $837.11 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last posted its quarterly earnings results 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 negative net margin of 10.94% and a positive return on equity of 22.98%. The business’s revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Analysts forecast that Wabash National will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.