Wabtec (NYSE:WAB) Plans Quarterly Dividend of $0.31

Key Points

• Wabtec declared a quarterly dividend of $0.31 per share, payable December 1 to shareholders of record November 17. The annualized dividend is $1.24 per share, representing a 0.4% yield.
• Wabtec has raised its dividend for four consecutive years, and its 12.7% payout ratio indicates the dividend is well covered by earnings. Analysts expect a 10.0% payout ratio next year.
• The company recently beat quarterly earnings and revenue estimates, reporting $2.76 EPS and $3.18 billion in revenue, with revenue up 17.5% year over year.

Wabtec (NYSE:WAB - Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.31 per share by the transportation company on Tuesday, December 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, November 17th.

Wabtec has increased its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 4 years. Wabtec has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wabtec to earn $12.43 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 10.0%.

Wabtec Stock Down 0.2%

Wabtec stock opened at $285.93 on Thursday. The firm has a market cap of $48.30 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Wabtec has a 52 week low of $186.06 and a 52 week high of $306.64. The business's 50-day moving average price is $288.59 and its 200 day moving average price is $274.68. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%. Wabtec's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts anticipate that Wabtec will post 10.89 earnings per share for the current year.

About Wabtec

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.

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