WAB

 

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On October 15, 2020, Westinghouse Air Brake (NYSE: WAB) announced shareholders can expect to receive a dividend payable on November 27, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Westinghouse Air Brake, whose current dividend payout is $0.12, has an ex-dividend date set at November 12, 2020. The payout equates to a dividend yield of 0.75% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Understanding Westinghouse Air Brake's Dividend History Over the past year, Westinghouse Air Brake has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 14, 2019 the company's payout sat at $0.12, which has returned to its value today. Westinghouse Air Brake's dividend yield last year was 0.68%, which has since grown by 0.07%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Westinghouse Air Brake click here.See more from Benzinga * Click here for options trades from Benzinga * Analyzing Westinghouse Air Brake's Ex-Dividend Date * Westinghouse Air Brake: Q3 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wabtec Corporation (NYSE: WAB) has been notified of an unsolicited "mini-tender offer" by TRC Capital Investment Corporation, a private Canadian investment company, to purchase up to two million shares of Wabtec’s common stock at a price of $59.25 per share in cash. TRC Capital’s offer price is approximately 4.53% lower than the $62.06 closing price of Wabtec’s common stock on October 23, 2020, the last trading day prior to the date of the offer (October 26, 2020).

Wabtec (WAB) delivered earnings and revenue surprises of 5.56% and 1.97%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Wabtec Corporation (NYSE: WAB) today reported third quarter 2020 earnings per diluted share of $0.67 and adjusted earnings per diluted share of $0.95, versus earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.10 a year ago. Wabtec also updated its full-year guidance for sales in a range of $7.5 billion to $7.6 billion, GAAP earnings per diluted share to between $2.35 to $2.45, adjusted earnings per diluted share to between $3.75 and $3.85 and expects continued strong cash generation.

How far off is Wabtec Corporation (NYSE:WAB) from its intrinsic value? Using the most recent financial data, we'll...