Trinity Industries, Inc. (NYSE:TRN) Announces $0.28 Quarterly Dividend

Trinity Industries, Inc. (NYSE:TRN) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.28 per share by the transportation company on Thursday, October 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, October 15th.

Trinity Industries has increased its dividend payment by an average of 11.0% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Trinity Industries has a dividend payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings.

Trinity Industries Stock Performance

NYSE:TRN opened at $32.44 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 21.77 and a beta of 1.41. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The stock’s 50-day moving average is $31.72 and its 200-day moving average is $29.39. Trinity Industries has a 1-year low of $20.04 and a 1-year high of $37.04.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. Equities research analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.