Wabash National Corporation Increases Regular Quarterly Dividend by 6.7 Percent
14 Novembro 2018 - 7:30PM
Wabash National Corporation (NYSE:WNC) today announced that
its Board of Directors approved a 6.7 percent increase in the
company’s regular quarterly dividend, from $0.075 per share to
$0.08 per share of common stock.
“The decision by the Board to increase the regular quarterly
dividend recognizes our continued strong operating performance in
2018, the overall financial strength of the company and continued
confidence in executing our strategic growth plan. Since
reinstating our dividend at the beginning of 2017, we have
increased our quarterly dividend by more than 33 percent.
During this time, we have also delivered on our commitment to
execute our capital allocation strategy by investing in the growth
and diversification of our business, maintaining strong liquidity,
deleveraging our balance sheet and returning value to our
shareholders,” said Brent Yeagy, President and Chief Executive
Officer.
The dividend declared is payable January 24, 2019, to
stockholders of record on January 3, 2019.
Safe Harbor StatementThis press release
contains certain forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements convey the Company’s current expectations or forecasts
of future events. All statements contained in this press release
other than statements of historical fact are forward-looking
statements. The Company’s forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those implied by the forward-looking
statements. Without limitation, these risks and uncertainties
include changes in economic conditions, changes in the Company’s
business and results of operations, access to capital, availability
of alternative uses of capital, and other risks, including those
set forth in the various disclosures made in the Company’s filings
with the Securities and Exchange Commission.
About Wabash National Corporation Wabash
National Corporation (NYSE:WNC) is a diversified industrial
manufacturer and a leading producer of semi-trailers and liquid
transportation systems. Established in 1985 in Lafayette, Indiana,
the company manufactures a diverse range of products, including:
dry freight and refrigerated trailers, platform trailers, bulk tank
trailers, dry and refrigerated truck bodies, truck-mounted tanks,
intermodal equipment, aircraft refueling equipment, structural
composite panels and products, trailer aerodynamic solutions, and
specialty food grade and pharmaceutical equipment. Its innovative
products are sold under the following brand names: Wabash
National®, Beall®, Benson®, Brenner® Tank, Bulk Tank International,
DuraPlate®, Extract Technology®, Garsite, Progress Tank, Supreme®,
Transcraft®, Walker Engineered Products, and Walker Transport.
Learn more at www.wabashnational.com.
Media Contact: Dana StelselDirector, Corporate
Communications (765) 771-5766dana.stelsel@wabashnational.com
Investor Relations: Ryan Reed Director,
Investor Relations (765)
771-5805ryan.reed@wabashnational.com
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