Wabash National Corporation Announces Quarterly Dividend

Rhea-AI Summary

Wabash National Corporation (NYSE:WNC) has declared a quarterly dividend of $0.08 per share, set to be paid on July 29, 2021, to stockholders on record as of July 8, 2021. The company is recognized as an innovation leader in engineered solutions for the transportation, logistics, and distribution sectors, offering a variety of products like trailers and truck bodies. Forward-looking statements highlight expectations regarding demand, profitability, and potential risks from economic conditions, competition, and supply chain issues.

Positive

• Declaration of quarterly dividend of $0.08 per share, reflecting company confidence in financial health.

Negative

• Risks related to uncertain economic conditions impacting customer demand.
• Increased competition in the transportation sector could affect market share.
• Supply chain constraints including labor costs and availability may impact production.

LAFAYETTE, Ind., May 12, 2021 (GLOBE NEWSWIRE) -- Wabash National Corporation (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on July 29, 2021, to stockholders of record on July 8, 2021.

Wabash National Corporation: Changing How the World Reaches You
As the innovation leader of engineered solutions for the transportation, logistics and distribution industries, Wabash National Corporation (NYSE:WNC) is Changing How the World Reaches You™. Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash National designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, liquid tank trailers, dry and refrigerated truck bodies, 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^®, Benson^®, Brenner^® Tank, Bulk Tank International, DuraPlate^®, Extract Technology^®, Supreme^®, Transcraft^®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.

Safe Harbor Statement
This 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. These forward-looking statements include, among other things, all statements regarding the Company’s outlook for trailer and truck body shipments, backlog, expectations regarding demand levels for trailers, truck bodies, non-trailer equipment and our other diversified product offerings, pricing, profitability and earnings, cash flow and liquidity, opportunity to capture higher margin sales, new product innovations, our growth and diversification strategies, our expectations for improved financial performance during the course of the year and our expectations with regards to capital allocation. These and the Company’s other 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 the continued integration of Supreme into the Company’s business, adverse reactions to the transaction by customers, suppliers or strategic partners, uncertain economic conditions including the possibility that customer demand may not meet our expectations, increased competition, reliance on certain customers and corporate partnerships, risks of customer pick-up delays, shortages and costs of raw materials including the impact of tariffs or other international trade developments, risks in implementing and sustaining improvements in the Company’s manufacturing operations and cost containment, dependence on industry trends and timing, supplier constraints, labor costs and availability, customer acceptance of and reactions to pricing changes and costs of indebtedness. 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.

Media Contact:
Dana Stelsel
Director, Corporate Communications
(765) 771-5766
dana.stelsel@wabashnational.com

Investor Relations:
Ryan Reed
Director, Investor Relations
(765) 490-5664
ryan.reed@wabashnational.com

FAQ

What is the dividend amount declared by Wabash National Corporation in May 2021?

Wabash National Corporation declared a quarterly dividend of $0.08 per share.

When will the dividend be paid to Wabash National shareholders?

The dividend will be paid on July 29, 2021.

What is the record date for the dividend payment by Wabash National Corporation?

The record date for the dividend payment is July 8, 2021.

What are some potential risks mentioned in Wabash National's press release?

The press release mentions risks such as uncertain economic conditions, increased competition, and supply chain challenges.