Wabtec Corp. (WAB) announced that its Shareholders approved the company's proposals at its annual meeting, and the company's Board of Directors approved a two-for-one stock split and a 60 percent dividend increase.
The company stated that the stock split will be in the form of a 100 percent stock dividend, to be paid June 11, 2013 to shareholders of record June 3, 2013. Shareholders will receive one additional share of Wabtec common stock for each share they own on the record date. The company expects its common stock to begin trading at the split-adjusted price on June 12, 2013.
Also, the board increased the company's quarterly, split-adjusted dividend by 60 percent, to $0.04 per share, compared to an equivalent dividend of $2.5 per share prior to the split. The new dividend is payable Aug. 30, 2013 to shareholders of record Aug. 16, 2013.
The company said that at its annual meeting in Pittsburgh Wabtec shareholders elected three directors namely Robert Brooks, William Kassling and Neupaver to three-year terms and approved other company proposals.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.