Wabtec: Rail technology leader with strong dividend growth

EPS growing double digits, EBIT margin near 20%, analysts firmly positive — and the stock is near all-time highs

We recently added Wabtec Corporation (WAB) to the Dividend Hike Portfolio. The reason for this, apart from valuation and growth prospects, is the dividend.

Little people know that Wabtec is aggresively raising its dividend for years now, combined with annual buybacks. We like this stock and we are not surprised that its trading near its all time high currently.