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

Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Friday, January 10th will be given 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 1.91%. The ex-dividend date of this dividend is Friday, January 10th.

Wabash National has increased its dividend by an average of 10.1% annually over the last three years. Wabash National has a dividend payout ratio of 12.5% 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

Wabash National stock opened at $16.78 on Wednesday. The business has a 50 day moving average of $18.57 and a 200-day moving average of $19.36. Wabash National has a 1 year low of $15.94 and a 1 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. The company has a market capitalization of $727.19 million, a P/E ratio of -3.09 and a beta of 1.57.

Wabash National (NYSE:WNC) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter 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. On average, equities research analysts predict that Wabash National will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following the completion of the sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.78% of the company’s stock.

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.