Trinity Industries, Inc. (NYSE:TRN) to Issue Quarterly Dividend of $0.31

Trinity Industries, Inc. (NYSE:TRN) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.31 per share by the transportation company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, October 15th.

Trinity Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Trinity Industries has a dividend payout ratio of 72.9% meaning its dividend is sufficiently covered by earnings.

Trinity Industries Price Performance

TRN opened at $28.31 on Friday. Trinity Industries has a 52 week low of $24.76 and a 52 week high of $38.31. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a market capitalization of $2.26 billion, a PE ratio of 6.82 and a beta of 1.35. The company has a fifty day moving average price of $32.08 and a two-hundred day moving average price of $32.82.

Insiders Place Their Bets

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total transaction of $502,350.00. Following the sale, the executive vice president directly owned 69,225 shares of the company’s stock, valued at approximately $2,045,598.75. This represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRN. The Manufacturers Life Insurance Company increased its stake in shares of Trinity Industries by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,176 shares of the transportation company’s stock worth $1,320,000 after purchasing an additional 3,633 shares during the last quarter. Tidal Investments LLC acquired a new position in Trinity Industries during the second quarter worth approximately $278,000. Engineers Gate Manager LP raised its stake in Trinity Industries by 103.1% in the second quarter. Engineers Gate Manager LP now owns 38,331 shares of the transportation company’s stock valued at $1,325,000 after buying an additional 19,457 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Trinity Industries in the second quarter valued at approximately $900,000. Finally, Nykredit A S bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $31,000. Institutional investors own 86.57% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.