Wabash National Corporation (NYSE:WNC) Announces Quarterly Dividend of $0.08

Key Points

• Wabash National declared a quarterly dividend of $0.08 per share, payable October 29 to shareholders of record on October 8. The dividend implies an annualized yield of approximately 2.6%.
• The dividend appears well covered, with a current payout ratio of 31.7% and an expected future payout ratio of 26.7%, based on analysts’ projected 2021 earnings of $1.20 per share.
• Recent operating results remained weak: quarterly revenue fell 9.1% year over year and the company posted a $0.53 loss per share, though this was better than analysts’ expected $0.56 loss.

Wabash National Corporation (NYSE:WNC - Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Thursday, October 8th will be given a dividend of 0.08 per share on Thursday, October 29th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, October 8th.

Wabash National has raised its dividend payment by an average of 0.1%per year over the last three years. Wabash National has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wabash National to earn $1.20 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 26.7%.

Wabash National Trading Up 1.1%

WNC opened at $12.17 on Thursday. The stock has a market capitalization of $495.97 million, a price-to-earnings ratio of -6.31 and a beta of 1.44. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75. Wabash National has a twelve month low of $6.63 and a twelve month high of $14.32. The company has a 50-day simple moving average of $12.50 and a 200 day simple moving average of $10.22.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. The company had revenue of $417.24 million during the quarter, compared to analysts' expectations of $402.85 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. Analysts predict that Wabash National will post -2.41 EPS for the current fiscal year.

About Wabash National

Wabash National Corporation NYSE: WNC is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company's product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.

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