Trinity Industries, Inc. (TRN) to Issue Quarterly Dividend of $0.30 on April 30th

Trinity Industries, Inc. (NYSE:TRN) announced a quarterly dividend on Monday, March 31st, RTT News reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.30 per share by the transportation company on Wednesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, April 15th.

Trinity Industries has increased its dividend payment by an average of 9.9% per year over the last three years and has raised its dividend every year for the last 16 years. Trinity Industries has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Price Performance

Shares of TRN stock opened at $25.22 on Friday. The business has a fifty day simple moving average of $30.26 and a 200 day simple moving average of $34.22. The company has a market cap of $2.06 billion, a P/E ratio of 15.38 and a beta of 1.49. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries has a twelve month low of $23.50 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, sell-side analysts forecast that Trinity Industries will post 1.65 EPS for the current fiscal year.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Separately, Susquehanna boosted their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd.

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.