Wabash National Corporation Announces Quarterly Dividend

Rhea-AI Summary

Wabash National Corporation (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on October 22, 2020, to shareholders of record on October 1, 2020. As an innovation leader in engineered solutions for the transportation and logistics sectors, Wabash National manufactures a variety of products including trailers and truck bodies. The company emphasizes its commitment to customer success through innovative solutions.

Positive

• Quarterly dividend of $0.08 per share announced, reflecting the company's commitment to returning value to shareholders.

Negative

• Potential risks include uncertain economic conditions affecting customer demand, increasing competition, and reliance on certain customers and corporate partnerships.

LAFAYETTE, Ind., Aug. 20, 2020 (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 October 22, 2020, to stockholders of record on October 1, 2020.

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, bulk 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®, Beall®, 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 announced by WNC in August 2020?

Wabash National Corporation announced a dividend of $0.08 per share.

When is the dividend payable to WNC shareholders?

The dividend is payable on October 22, 2020.

What is the record date for WNC's dividend?

The record date for WNC's dividend is October 1, 2020.

What are the risks mentioned in WNC's press release?

The risks include uncertain economic conditions, increased competition, and reliance on specific customers.