Wabtec (WAB) to Issue Quarterly Dividend of $0.31 on June 3rd

Wabtec (NYSE:WAB) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.31 per share by the transportation company on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, May 22nd.

Wabtec has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Wabtec has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wabtec to earn $12.19 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 10.2%.

Wabtec Price Performance

Shares of WAB opened at $255.31 on Wednesday. The company has a 50 day moving average price of $256.23 and a 200-day moving average price of $236.48. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The stock has a market capitalization of $43.32 billion, a PE ratio of 36.11, a PEG ratio of 1.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.