Wabash National (WNC) Raises Quarterly Dividend 6.7% to $0.08; 2.1% Yield
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Wabash National (NYSE: WNC) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 6.7% increase from the prior dividend of $0.075.
The dividend will be payable on January 24, 2019, to stockholders of record on January 3, 2019, with an ex-dividend date of January 2, 2019.
The annual yield on the dividend is 2.1 percent.
“The decision by the Board to increase the regular quarterly dividend recognizes our continued strong operating performance in 2018, the overall financial strength of the company and continued confidence in executing our strategic growth plan. Since reinstating our dividend at the beginning of 2017, we have increased our quarterly dividend by more than 33 percent. During this time, we have also delivered on our commitment to execute our capital allocation strategy by investing in the growth and diversification of our business, maintaining strong liquidity, deleveraging our balance sheet and returning value to our shareholders,” said Brent Yeagy, President and Chief Executive Officer.
For a dividend history and other dividend-related data on Wabash National (WNC) click here.
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