Dividend Coverage: $0.09 dividends are now a reality for Freightcar America, Inc. (NASDAQ:RAIL) shareholders. Here’s why.

Dividend Coverage: $0.09 dividends are now a reality for Freightcar America, Inc. (NASDAQ:RAIL) shareholders. Here's why.

Freightcar America, Inc. (NASDAQ:RAIL) is expected to pay $0.09 on Nov 23, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Freightcar America, Inc.’s current price of $15.38, the dividend is 0.59%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 8, 2016. The stock increased 10.81% or $1.5 on November 11, hitting $15.38. FreightCar America, Inc. (NASDAQ:RAIL) has declined 0.26% since April 12, 2016 and is downtrending. It has underperformed by 5.24% the S&P500.

FreightCar America, Inc. is a manufacturer of railcars and railcar components. The company has a market cap of $211.06 million. The Firm operates in the Manufacturing segment. It has a 7.88 P/E ratio. The Firm creates and makes a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.31, from 0.98 in 2016Q1. The ratio turned negative, as 22 funds sold all FreightCar America, Inc. shares owned while 42 reduced positions. 11 funds bought stakes while 32 increased positions. They now own 8.96 million shares or 10.72% less from 10.03 million shares in 2016Q1.
Valley Advisers accumulated 0.01% or 1,100 shares. Prtn Ltd Company, a New York-based fund reported 26,700 shares. Moreover, Deere & Communication has 0.02% invested in FreightCar America, Inc. (NASDAQ:RAIL) for 31,779 shares. State Street Corporation has 276,168 shares for 0% of their US portfolio. Tiaa Cref Invest Management owns 114,278 shares or 0% of their US portfolio. Morgan Stanley holds 76,635 shares or 0% of its portfolio. Deutsche State Bank Ag holds 0% of its portfolio in FreightCar America, Inc. (NASDAQ:RAIL) for 42,483 shares. Hourglass Capital Ltd Llc, a Texas-based fund reported 215,570 shares. Seizert Cap Lc holds 108,115 shares or 0.06% of its portfolio. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in FreightCar America, Inc. (NASDAQ:RAIL). Grp Inc holds 0% of its portfolio in FreightCar America, Inc. (NASDAQ:RAIL) for 6,970 shares. Morgan Dempsey Management Limited Com has 0.37% invested in the company for 77,900 shares. Blackrock Limited Liability accumulated 0% or 5,499 shares. Wealthtrust holds 0% of its portfolio in FreightCar America, Inc. (NASDAQ:RAIL) for 181 shares. Blackrock Institutional Na holds 0% of its portfolio in FreightCar America, Inc. (NASDAQ:RAIL) for 310,427 shares.

Insider Transactions: Since August 11, 2016, the stock had 3 buys, and 0 insider sales for $347,041 net activity. $105,515 worth of FreightCar America, Inc. (NASDAQ:RAIL) shares were bought by KOHNKE MATTHEW S. Another trade for 10,000 shares valued at $115,906 was made by SCHMITT ANDREW B on Tuesday, November 8.

FreightCar America, Inc. (NASDAQ:RAIL) Ratings Coverage

Out of 3 analysts covering FreightCar America (NASDAQ:RAIL), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. FreightCar America has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, August 7 by Zacks. The stock of FreightCar America, Inc. (NASDAQ:RAIL) has “Market Perform” rating given on Wednesday, November 2 by Cowen & Co. The stock of FreightCar America, Inc. (NASDAQ:RAIL) has “Hold” rating given on Wednesday, July 13 by Stifel Nicolaus. Longbow downgraded the shares of RAIL in a report on Wednesday, May 4 to “Neutral” rating.

More notable recent FreightCar America, Inc. (NASDAQ:RAIL) news were published by: Globenewswire.com which released: “FreightCar America, Inc. Reports Third Quarter 2016 Results” on October 31, 2016, also Businesswire.com with their article: “FreightCar America, Inc. Announces Appointment of Georgia L. Vlamis as Vice …” published on December 02, 2015, Businesswire.com published: “FreightCar America, Inc. Announces Sale of its Railcar Repair and Maintenance …” on September 30, 2015. More interesting news about FreightCar America, Inc. (NASDAQ:RAIL) were released by: Businesswire.com and their article: “FreightCar America, Inc. Appoints Matthew S. Kohnke as Chief Financial Officer” published on January 25, 2016 as well as Investorplace.com‘s news article titled: “FreightCar America, Inc. Runs Off the Rails (RAIL)” with publication date: March 31, 2016.

RAIL Company Profile

FreightCar America, Inc., incorporated on March 15, 2005, is a maker of railcars and railcar components. The Firm operates in the Manufacturing segment. The Firm creates and makes a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Firm makes aluminum-bodied railcars, including coal cars. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Company’s railcar manufacturing facilities are located in Cherokee, Alabama (Shoals), Danville, Illinois and Roanoke, Virginia.

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