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

May 13, 2015 4:07 PM EDT

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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Dividend Hike, Dividends, Management Comments

Related Entities