Wabtec to Issue Quarterly Dividend of $0.25 (NYSE:WAB)

Key Points

• Wabtec has declared a quarterly dividend of $0.25 per share, with stockholders of record on November 12th set to receive it on November 26th.
• The company's payout ratio stands at 10.3%, indicating strong earnings support for the dividend, expected to maintain a ratio of 10.4% in the upcoming fiscal year.
• Wabtec's stock opened at $193.62, with a market cap of $33.10 billion, following a quarterly earnings report that exceeded analysts' expectations for earnings per share.

Wabtec (NYSE:WAB - Get Free Report) declared a quarterly dividend on Thursday, October 16th. Stockholders of record on Wednesday, November 12th will be given a dividend of 0.25 per share by the transportation company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th.

Wabtec has a payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wabtec to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.4%.

Wabtec Trading Down 1.8%

Wabtec stock opened at $193.62 on Friday. The stock has a market cap of $33.10 billion, a PE ratio of 28.90, a P/E/G ratio of 1.53 and a beta of 1.10. The stock has a 50-day moving average price of $193.54 and a 200 day moving average price of $194.67. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.76 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Equities research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.

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