Wabash National (WNC) Reinstates, Declares $0.06 Quarterly Dividend; 1.5% Yield
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Wabash National (NYSE: WNC) reinstated and declared a quarterly dividend of $0.06 per share, or $0.24 annualized.
The dividend will be payable on January 26, 2017, to stockholders of record on January 5, 2017, with an ex-dividend date of January 3, 2017.
The annual yield on the dividend is 1.5 percent.
“The decision by the Board of Directors to declare a regular quarterly dividend represents a significant milestone in the transformation of the Company, demonstrating confidence in our free cash flow generation and financial outlook, both near and long term,” said Dick Giromini, chief executive officer. “Our balanced capital allocation plan, including the reinstated dividend and the existing share repurchase program, reinforces our commitment to deliver value to our shareholders while maintaining financial strength and flexibility to execute our strategic plan for growth and diversification.”
For a dividend history and other dividend-related data on Wabash National (WNC) click here.
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