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

Wabash National Co. (NYSE:WNCGet Rating) declared a quarterly dividend on Friday, May 13th, Zacks reports. Shareholders of record on Thursday, July 7th will be given a dividend of 0.08 per share on Thursday, July 28th. This represents a $0.32 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, July 6th.

Wabash National has raised its dividend payment by an average of 1.6% per year over the last three years. Wabash National has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wabash National to earn $2.43 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 13.2%.

Shares of WNC stock opened at $14.62 on Friday. The company has a market capitalization of $716.82 million, a price-to-earnings ratio of 76.95 and a beta of 1.49. Wabash National has a one year low of $12.23 and a one year high of $21.63. The company’s fifty day moving average price is $14.65 and its 200-day moving average price is $17.02. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.87 and a quick ratio of 1.10.

Wabash National (NYSE:WNCGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.10 by $0.14. The firm had revenue of $546.76 million for the quarter, compared to the consensus estimate of $481.60 million. Wabash National had a net margin of 0.51% and a return on equity of 10.43%. The company’s revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities research analysts expect that Wabash National will post 1.89 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Wabash National by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,243,065 shares of the company’s stock valued at $48,128,000 after purchasing an additional 33,506 shares in the last quarter. State Street Corp raised its holdings in shares of Wabash National by 1.5% in the 4th quarter. State Street Corp now owns 1,729,684 shares of the company’s stock valued at $33,763,000 after purchasing an additional 26,038 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Wabash National by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 958,017 shares of the company’s stock valued at $14,217,000 after purchasing an additional 33,179 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Wabash National in the 1st quarter valued at about $6,132,000. Finally, Sei Investments Co. raised its holdings in shares of Wabash National by 0.5% in the 1st quarter. Sei Investments Co. now owns 403,438 shares of the company’s stock valued at $5,987,000 after purchasing an additional 2,096 shares in the last quarter. Institutional investors and hedge funds own 99.07% of the company’s stock.

WNC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Saturday, April 30th. TheStreet cut shares of Wabash National from a “b-” rating to a “c” rating in a research note on Wednesday, February 2nd. StockNews.com started coverage on shares of Wabash National in a research note on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson reissued a “buy” rating on shares of Wabash National in a research note on Friday, February 4th. Finally, Raymond James lowered their target price on shares of Wabash National from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Thursday, February 3rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $20.00.

About Wabash National (Get Rating)

Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

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Dividend History for Wabash National (NYSE:WNC)

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