Wabash National Corporation Increases Quarterly Dividend by 25%
December 18 2017 - 8:40AM
Wabash National Corporation (NYSE:WNC) today announced that
its Board of Directors approved an increase in the company’s
regular quarterly dividend to $0.075 per share of common stock.
This represents an increase of 25 percent versus the prior
quarterly dividend rate of $0.06 per share.
“The decision by the Board of Directors to increase the regular
quarterly dividend demonstrates continued confidence in the
execution of our strategic growth plan and delivers on our
commitment to return capital to our shareholders,” said Dick
Giromini, chief executive officer.
The dividend declared is payable January 25, 2018, to
stockholders of record on January 4, 2018.
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, including factors specific to the Company and to the
credit market generally. Readers should review and consider the
various disclosures made by the Company in this press release and
in the Company’s reports to its stockholders and periodic reports
on Forms 10-K and 10-Q.
About Wabash National Corporation Wabash
National Corporation (NYSE:WNC) is a diversified industrial
manufacturer and North America’s 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 StelselCorporate
Communications Manager(765)
771-5766dana.stelsel@wabashnational.com
Investor Relations: Jeff Taylor Senior Vice
President and Chief Financial Officer (765) 771-5438
jeff.taylor@wabashnational.com
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