Wabtec Raises Dividend by 25%

After the bell, Wabtec (WAB) announced they’re raising their quarterly dividend by 25%.

That’s not as impressive as it sounds. The dividend will rise from eight to 10 cents per share. Last year, WAB raised their div from six to eight cents, a 33% increase.

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.”

Going by today’s close, WAB yields 0.5%.

Posted by on May 11th, 2016 at 5:31 pm


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