Westinghouse Air Brake Stock To Go Ex-dividend Monday (WAB)

NEW YORK ( TheStreet) -- The ex-dividend date for Westinghouse Air Brake Technologies (NYSE: WAB) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $69.40 as of 9:38 a.m. ET, the dividend yield is 0.2%.

The average volume for Westinghouse Air Brake has been 245,500 shares per day over the past 30 days. Westinghouse Air Brake has a market cap of $3.41 billion and is part of the services sector and transportation industry. Shares are up 0.3% year to date as of the close of trading on Thursday.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. The company has a P/E ratio of 22, below the average transportation industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Westinghouse Air Brake as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Westinghouse Air Brake Ratings Report.

See our dividend calendar or top-yielding stocks list.
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