Wabtec (NYSE:WAB) Shareholders to Collect $0.31 Quarterly Dividend

Wabtec (NYSE:WAB) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.31 per share by the transportation company on Tuesday, December 1st. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, November 17th.

Wabtec has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Wabtec has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wabtec to earn $12.43 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 10.0%.

Wabtec Trading Down 0.2%

Shares of NYSE WAB opened at $285.93 on Thursday. The stock has a market cap of $48.30 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Wabtec has a 52-week low of $186.06 and a 52-week high of $306.64. The firm has a 50 day moving average price of $288.59 and a two-hundred day moving average price of $274.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts forecast that Wabtec will post 10.89 EPS for the current year.

Wabtec Company Profile

Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, provides equipment, systems, software and services for the global rail and transit industries. Its offerings support freight railroads, passenger rail operators, transit agencies, mining companies and other transportation customers.

The company manufactures and services locomotives, locomotive engines, braking systems, electronic and control equipment, train components, signaling and communications systems, and digital technologies designed to improve rail safety, efficiency and asset management.