Wabtec (WAB) Announces Quarterly Dividend of $0.04
Wabtec (NYSE:WAB) declared a quarterly dividend on Friday, January 31st, AR Network reports. Investors of record on Friday, February 14th will be given a dividend of 0.04 per share on Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, February 12th.
On the ratings front, analysts at Stephens initiated coverage on shares of Wabtec in a research note to investors on Friday, January 17th. They set an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Wabtec currently has a consensus rating of “Buy” and a consensus target price of $74.25.
Wabtec (NYSE:WAB) traded up 0.27% on Friday, hitting $73.81. The stock had a trading volume of 522,139 shares. Wabtec has a 52 week low of $47.06 and a 52 week high of $77.64. The stock has a 50-day moving average of $73.38 and a 200-day moving average of $65.08. The company has a market cap of $7.108 billion and a P/E ratio of 25.25.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry.
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