Warning: Use of undefined constant DATABASE_SERVER - assumed 'DATABASE_SERVER' (this will throw an Error in a future version of PHP) in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/wp-config.php on line 12

Warning: Use of undefined constant gns_autobuild - assumed 'gns_autobuild' (this will throw an Error in a future version of PHP) in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gn-xml-sitemap/main.php on line 37

Warning: Use of undefined constant gns_autobuild - assumed 'gns_autobuild' (this will throw an Error in a future version of PHP) in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gn-xml-sitemap/main.php on line 38

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 1121

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 1158

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 1162

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 1186

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 2855

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 2862

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/plugins/gravityforms/common.php on line 2875
Wabash National Corporation suspends quarterly dividend | Business News | Lafayette Online
Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-content/themes/gazette/header.php on line 73

News | Business News

Wabash National Corporation suspends quarterly dividend

LAFAYETTE, Ind. –– Wabash National Corporation (NYSE: WNC) announced today that the Board of Directors voted to suspend the payment of quarterly cash dividends on the Company’s common stock, effective immediately, due to the impact of continued weak economic conditions and the uncertainty regarding the timing of a recovery.

Commenting on this action, Richard J. Giromini, President and Chief Executive Officer of the Company, said, “The suspension of dividend payments on our common stock which will save the company approximately $5.5 million annually is being taken given the extremely challenging economic environment and is consistent with our ongoing actions to reduce costs and enhance liquidity. We are confident that Wabash will emerge in a stronger position when the economy improves but, in the current downturn, the Board believes that focusing the Company’s full resources toward the operational needs of the business is the most prudent course of action.”

As of November 30, 2008, liquidity, cash plus available borrowings under the Company’s revolving credit facility, amounted to approximately $100 million.

In Related News:


Warning: count(): Parameter must be an array or an object that implements Countable in /nfs/c05/h04/mnt/71392/domains/lafayette-online.com/html/wp-includes/class-wp-comment-query.php on line 405

Comments are closed.

Sponsors