Wabash National Co. (NYSE:WNC – Get Free Report) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Thursday, October 10th will be given a dividend of 0.08 per share on Thursday, October 31st. This represents a $0.32 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, October 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 18.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Wabash National to earn $1.75 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 18.3%.
Wabash National Stock Down 0.3 %
WNC opened at $18.07 on Tuesday. The firm has a 50 day moving average price of $19.25 and a 200-day moving average price of $21.98. The stock has a market capitalization of $795.08 million, a price-to-earnings ratio of 4.34 and a beta of 1.52. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. Wabash National has a twelve month low of $17.71 and a twelve month high of $30.07.
Analysts Set New Price Targets
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.
Check Out Our Latest Analysis on Wabash National
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.
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