Wabtec (WAB) Raises Quarterly Dividend 33.3% to $0.08; 0.3% Yield

Wabtec (NYSE: WAB) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 33.3% increase from the prior dividend of $0.06.

The dividend will be payable on August 31, 2015, to stockholders of record on August 17, 2015, with an ex-dividend date of August 13, 2015.

The annual yield on the dividend is 0.3 percent.

Raymond T. Betler, Wabtec's president and chief executive officer, said: "Based on our current financial performance and future outlook, the company has ample financial strength to invest in growth opportunities and to return a greater portion of our cash flow to shareholders. We intend to continue to review our policies periodically based on Wabtec's ongoing performance and growth prospects."

For a dividend history and other dividend-related data on Wabtec (WAB) click here.

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