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

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

Wabash National has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.8 %

Shares of Wabash National stock traded down $0.23 during trading on Thursday, reaching $12.41. The company’s stock had a trading volume of 1,019,740 shares, compared to its average volume of 946,183. The company has a market cap of $537.76 million, a price-to-earnings ratio of -1.90 and a beta of 1.55. The firm’s 50-day moving average is $16.67 and its two-hundred day moving average is $18.20. Wabash National has a 52-week low of $12.37 and a 52-week high of $30.07. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

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

Insider Activity

In other news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following the completion of the transaction, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.78% of the company’s stock.

Wabash National Company Profile

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.