Wabash suspends quarterly cash common stock dividend
Dec 28, 2001 12:00 PM
Wabash National Corporation announced today that the Board of Directors has suspended the payment of quarterly dividends on the company's common stock, effective immediately. "The suspension ... is necessary given the continuing difficult economic and industry environment for our company," said Mark R. Holden, senior vice president and chief financial officer. "Declining business conditions sustained during the past year have been unpredecented for Wabash and the trailer manufacturing industry, and given current industry forecasts, the board believes that focusing the company's full resources toward the operational needs of the business is the most prudent course of action at this time." Wabash National Corporation designs, manufacturers and markets standard and customized truck trailers under the Wabash and Freuhauf trademarks.
