Wabtec (WAB) Raises Quarterly Dividend 25% to $0.10; 0.5% Yield

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Go back to Wabtec (WAB) Raises Quarterly Dividend 25% to $0.10; 0.5% Yield

Wabtec Increases Dividend 25%; Shareholders Approve Company Proposals At Annual Meeting

May 11, 2016 4:05 PM EDT

WILMERDING, Pa., May 11, 2016 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today increased its regular quarterly dividend to 10 cents per share, from 8 cents per share. The new dividend rate will be payable initially Aug. 29, 2016 to shareholders of record Aug. 15, 2016.

Raymond T. Betler, Wabtecs president and chief executive officer, said: Based on our current financial performance and future... More