WBI Announces Quarterly Dividend of $0.05 (NYSE:WBI)

WBI (NYSE:WBI) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 27th will be given a dividend of 0.05 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 27th.

WBI Stock Up 0.9%

Shares of WBI stock opened at $33.76 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $32.27 and its two-hundred day moving average price is $28.23. The firm has a market capitalization of $4.17 billion and a P/E ratio of 135.05. WBI has a 1 year low of $18.64 and a 1 year high of $36.89.

WBI (NYSE:WBI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $217.77 million for the quarter. On average, equities analysts predict that WBI will post 0.55 EPS for the current fiscal year.

Insider Activity at WBI

In other news, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $52,742,978.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $177,139,521.30. Following the sale, the director owned 1,980,921 shares in the company, valued at $59,526,676.05. This represents a 74.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 19,439,652 shares of company stock worth $584,161,543. Corporate insiders own 50.61% of the company’s stock.

About WBI

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.