Wabtec (WAB) Raises Quarterly Dividend 20% to $0.12; 0.6% Yield

Wabtec (NYSE: WAB) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.10.

The dividend will be payable on August 28, 2017, to stockholders of record on August 14, 2017, with an ex-dividend date of August 10, 2017.

The annual yield on the dividend is 0.6 percent.

Wabtec Corporation (NYSE: WAB) announced the following appointments to its management team and Board of Directors, and increased its dividend by 20 percent:

Albert J. Neupaver has been elected chairman of the company’s Board of Directors. Neupaver served as executive chairman for the past three years and as the company’s chief executive officer from 2006 to 2014.
Raymond T. Betler remains president and chief executive officer and a member of the Board of Directors. He joined Wabtec in 2008 and has served in this position since succeeding Neupaver in 2014.
Stéphane Rambaud-Measson has been named Wabtec’s executive vice president and chief operating officer and elected a member of the company’s Board of Directors. Rambaud-Measson had served as Faiveley Transport’s chief executive officer and chairman of its Management Board before joining Wabtec as president and chief executive officer of the Transit Group when Wabtec acquired Faiveley in December 2016. He will remain chief executive officer and chairman of Faiveley Transport and will continue to report to Betler.
Separately, Wabtec increased its regular quarterly dividend by 20 percent, to 12 cents per share from 10 cents per share. The new dividend rate will be payable initially Aug. 28, 2017 to shareholders of record Aug. 14, 2017. This is the seventh consecutive year Wabtec has increased its dividend.

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

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