Wabtec Corporation (NYSE:WAB) declared quarterly dividend of $ 0.12 per share, or $ 0.48 annualized.
The dividend will be payable on November 27, 2020, to stockholders of record on November 13, 2020, with an ex-dividend date of November 12, 2020.
Dividends History
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Wabtec Corporation recently reported second quarter financial results on July 28, 2020, before market open, the Wilmerding based company posted income for the second quarter of $ 0.87 per share, from the revenue of $ 1,737.00 million. The quarterly earnings dropped 17.92 percent while revenues decreased 22.91 percent compared with the same quarter last year. Street analysts expected Wabtec Corporation recently reported second quarter financial results on July 28, 2020, before market open, the Wilmerding based company to report income of $ 0.75 per share on revenue of $ 1703.16 million for the second quarter. The bottom line results beat street analysts by $ 0.12 or 16.00 percent, at the same time, top line results outshined analysts by $ 33.84 million or 1.99 percent.
Stock Performance
Shares of Wabtec Corporation traded low $ -1.43 or -2.23 percent on Thursday, reaching $ 62.83 with volume of 34.40 thousand shares. The stock opened down for the day at $ 64.16, after closing the previous day trading at $ 64.26.
According to the previous trading day, closing price of $ 64.26, representing a 83.23 % increase from the 52 week low of $ 35.07 and a 21.39 % decrease over the 52 week high of $ 81.75.
The company has a market capital of $ 11.96 billion and is part of the Industrials sector and Railroads industry.
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The companys Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new switcher locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities.
