By Stephen Nakrosis
Wabtec said its board approved an increase in the company's quarterly common dividend, raising it to 25 cents per share from 20 cents.
The new dividend, $1 on an annual basis, is payable on March 7 to shareholders of record on Feb. 21.
Based on Friday's closing share price of $206.80, Wabtec's new dividend represents a yield of about 0.4%.
Wabtec last raised its dividend, to 20 cents per share from 17 cents, in February 2024.
The company provides equipment, systems, digital solutions and value-added services for the freight and transit rail industries.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 07, 2025 16:52 ET (21:52 GMT)
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