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

Wabash National Co. (NYSE:WNC - Get Free Report) 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 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 3rd.

Wabash National has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Wabash National stock traded up $0.03 during trading hours on Monday, hitting $12.43. 987,101 shares of the company traded hands, compared to its average volume of 1,069,685. The firm has a market cap of $538.50 million, a P/E ratio of -1.91 and a beta of 1.55. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm's 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $18.00. Wabash National has a 1-year low of $12.35 and a 1-year high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 posted $1.07 EPS. As a group, analysts forecast that Wabash National will post 0.94 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Michael N. Pettit sold 1,500 shares of the firm'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 owns 117,227 shares in the company, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.