Trinity Industries, Inc. (NYSE:TRN – Get Free Report) declared a quarterly dividend on Thursday, March 5th. Investors of record on Wednesday, April 15th will be paid a dividend of 0.31 per share by the transportation company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, April 15th.
Trinity Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Trinity Industries has a payout ratio of 72.9% indicating that its dividend is sufficiently covered by earnings.
Trinity Industries Stock Down 3.2%
Shares of Trinity Industries stock traded down $1.10 during trading hours on Thursday, reaching $33.15. 514,476 shares of the company were exchanged, compared to its average volume of 877,257. The firm has a market cap of $2.65 billion, a PE ratio of 10.76 and a beta of 1.42. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.08 and a current ratio of 1.90. Trinity Industries has a 1 year low of $22.38 and a 1 year high of $35.62. The stock’s fifty day moving average is $30.16 and its 200 day moving average is $28.46.
Trinity Industries Company Profile
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.
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