Wabtec Raises Dividend by 33%

Good news for Wabtec (WAB):

Wabtec Corporation (WAB) today increased its regular quarterly dividend to 8 cents per share, from 6 cents per share. The new dividend rate will be payable initially Aug. 31, 2015 to shareholders of record Aug. 17, 2015.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Based on our current financial performance and future outlook, the company has ample financial strength to invest in growth opportunities and to return a greater portion of our cash flow to shareholders. We intend to continue to review our policies periodically based on Wabtec’s ongoing performance and growth prospects.”

This is a pretty tiny dividend for the company. WAB is expected to earn $4.13 per share this year. The annual dividend of 32 cents works out to a payout ratio of less than 8%. The yield is now 0.32%.

Posted by on May 13th, 2015 at 4:26 pm


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