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

NEW YORK ( TheStreet) -- The ex-dividend date for Westinghouse Air Brake Technologies (NYSE: WAB) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $73.05 as of 9:34 a.m. ET, the dividend yield is 0.2%.

The average volume for Westinghouse Air Brake has been 336,200 shares per day over the past 30 days. Westinghouse Air Brake has a market cap of $3.53 billion and is part of the services sector and transportation industry. Shares are up 5.9% year to date as of the close of trading on Friday.

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 18.9, equal to the average transportation industry P/E ratio 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 and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westinghouse Air Brake Ratings Report.

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