Yahoo Finance Wabash National (WNC) Announces Hike in Dividend, Stock Up
Share price of Wabash National Corporation WNC gained 6.9% to $20.65 after the company announced a hike in quarterly cash dividend during trading on Dec 18. The company’s board has approved this raise on common stock to 7.5 cents from the earlier payout of 6 cents.
The revised dividend will be paid on Jan 25, 2018 to stockholders of record as of Jan 4, 2018.
On a sequential basis, the dividend raise represents an increase of 1.5 cents or 25%. The last quarterly dividend of 6 cents was paid on Oct 26, 2017 to the stockholders of record as of Oct 5, 2017.
Wabash National Corporation Price and Consensus
Wabash National Corporation Price and Consensus | Wabash National Corporation Quote
The rise in dividend payment shows the board’s confidence in Wabash National’s strategic growth plan for a secure future. Further, it also reflects the company’s commitment to boost shareholders value.
Price Performance
Over a month, shares of Wabash National have outperformed the industry it belongs to. The stock has gained 7.2% compared with the industry’s decline of 0.3% during the period.
Zacks Rank & Key Picks
The expected long-term growth rate of Wabash National is 21.5% and the stock carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Toyota Motor Corporation TM, AB Volvo VLVLY and Honda Motor Company HMC. While both Toyota and Volvo sport a Zacks Rank #1 (Strong Buy), Honda carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Toyota has an expected long-term growth rate of 6.2%. In the last three months, shares of the company have been up 5.8%.
Volvo has an expected long-term growth rate of 15%. Year to date, shares of the company have surged 63.8%.
Honda has an expected long-term growth rate of 3.8%. In the last three months, shares of the company have rallied 14.7%.
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