Wabash National Corporation (NYSE:WNC – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.08 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, July 2nd.
Wabash National has raised its dividend by an average of 0.1%per year over the last three years. Wabash National has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wabash National to earn $1.57 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 20.4%.
Wabash National Trading Down 0.7%
Shares of Wabash National stock opened at $6.82 on Friday. The firm has a 50-day simple moving average of $8.56 and a two-hundred day simple moving average of $9.18. The company has a market cap of $277.17 million, a P/E ratio of -4.26 and a beta of 1.61. Wabash National has a fifty-two week low of $6.72 and a fifty-two week high of $12.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33.
Hedge Funds Weigh In On Wabash National
Hedge funds and other institutional investors have recently modified their holdings of the business. EVR Research LP purchased a new stake in Wabash National during the 3rd quarter valued at about $1,974,000. Allianz Asset Management GmbH grew its stake in Wabash National by 48.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 461,499 shares of the company’s stock valued at $4,555,000 after acquiring an additional 151,547 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Wabash National by 210.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock valued at $1,207,000 after acquiring an additional 82,879 shares in the last quarter. Polaris Capital Management LLC grew its stake in Wabash National by 88.2% during the 4th quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock valued at $1,251,000 after acquiring an additional 67,800 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Wabash National by 423.5% during the 3rd quarter. AlphaQuest LLC now owns 81,801 shares of the company’s stock valued at $807,000 after acquiring an additional 66,176 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.
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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