Wabtec Raises Quarterly Common Dividend to 25c per Share

Dow Jones
02-08
 

By Stephen Nakrosis

 

Wabtec said its board approved an increase in the company's quarterly common dividend, raising it to 25 cents per share from 20 cents.

The new dividend, $1 on an annual basis, is payable on March 7 to shareholders of record on Feb. 21.

Based on Friday's closing share price of $206.80, Wabtec's new dividend represents a yield of about 0.4%.

Wabtec last raised its dividend, to 20 cents per share from 17 cents, in February 2024.

The company provides equipment, systems, digital solutions and value-added services for the freight and transit rail industries.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 07, 2025 16:52 ET (21:52 GMT)

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