Wabtec (NYSE:WAB) to Issue Quarterly Dividend of $0.31

Wabtec (NYSE:WAB) declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, November 17th.

Wabtec has increased its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 4 years. Wabtec has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.2%

Shares of Wabtec stock opened at $285.93 on Thursday. The business has a 50-day moving average of $288.59 and a 200-day moving average of $274.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The company has a market capitalization of $48.30 billion, a PE ratio of 38.43, a P/E/G ratio of 1.93 and a beta of 0.92. Wabtec has a 1-year low of $186.06 and a 1-year high of $306.64.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. 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 fiscal 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.