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

Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Thursday, April 3rd will be given a dividend of 0.08 per share on Thursday, April 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.58%.

Wabash National has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wabash National to earn $1.90 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 16.8%.

Wabash National Stock Down 1.8 %

Shares of WNC traded down $0.23 on Thursday, reaching $12.41. The stock had a trading volume of 1,019,740 shares, compared to its average volume of 946,183. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. Wabash National has a 12-month low of $12.37 and a 12-month high of $30.07. The firm has a market capitalization of $537.76 million, a price-to-earnings ratio of -1.90 and a beta of 1.55. The company has a 50-day simple moving average of $16.67 and a 200-day simple moving average of $18.20.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter in the prior year, the business earned $1.07 EPS. Sell-side analysts predict that Wabash National will post 0.94 EPS for the current year.

Insider Buying and Selling at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction 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 transaction, the senior vice president now owns 117,227 shares in the company, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.78% of the company’s stock.

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.