Trinity Industries, Inc. (NYSE:TRN – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.31 per share by the transportation company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, July 15th.
Trinity Industries has raised its dividend 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 Stock Performance
Shares of TRN opened at $35.72 on Monday. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.87 and a quick ratio of 0.94. The firm’s 50 day moving average is $34.32 and its 200-day moving average is $32.06. Trinity Industries has a 12-month low of $22.38 and a 12-month high of $37.36. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.45 and a beta of 1.36.
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.
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