Wabtec (WAB) Raises Quarterly Dividend 50% to $0.06; 0.3% Yield

Wabtec (NYSE: WAB) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. This is a 50% increase from the prior dividend of $0.04.

The dividend will be payable on August 29, 2014, to stockholders of record on August 15, 2014, with an ex-dividend date of August 13, 2014.

The annual yield on the dividend is 0.3 percent.

Albert J. Neupaver, Wabtec's chairman and chief executive officer, said: "Our current financial performance and future outlook provides 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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