Wabash National Corporation Announces Quarterly Dividend

Rhea-AI Summary

Wabash National Corporation (NYSE:WNC) has declared a quarterly dividend of $0.08 per share, with a payment date of January 27, 2022. Stockholders of record as of January 6, 2022 will receive this dividend. The company, a leader in engineered solutions for transportation and logistics, expresses confidence in its operational strategies and upcoming product innovations. Wabash National continues to adapt to market demands while facing challenges, including economic uncertainties and increased competition.

Positive

• Quarterly dividend of $0.08 per share enhances shareholder income.
• Confidence in operational strategies and upcoming product innovations.

Negative

• Economic uncertainties could impact customer demand.
• Increased competition poses risks to market share.

LAFAYETTE, Ind., Nov. 18, 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 January 27, 2022, to stockholders of record on January 6, 2022.

About Wabash National Corporation
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 processing equipment. Its innovative products are sold under the following brand names: Wabash National^®, Benson^®, Brenner^® Tank, Bulk Tank International, DuraPlate^®, 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 for Wabash National Corporation?

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

When is the dividend payment date for Wabash National Corporation?

The dividend payment date is January 27, 2022.

Who is eligible to receive the dividend from Wabash National Corporation?

Stockholders of record as of January 6, 2022, are eligible to receive the dividend.

How does Wabash National Corporation's dividend impact shareholders?

The declared dividend provides direct income to shareholders, reflecting the company's commitment to returning value.

What challenges does Wabash National Corporation face that could affect its dividend?

The company faces economic uncertainties and increased competition, which may impact profitability.