Wabtec (WAB) will raise its quarterly dividend by 25 percent to $0.15 per share. Its the first dividend hike since 2017 by the company known in full as Westinghouse Air Brake Technologies Corporation. The next WAB dividend will be paid on May 27, 2022 with an ex-dividend date of May 19, 2022.
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles.