Trinity Industries, Inc. (NYSE:TRN – Get Free Report) announced a quarterly dividend on Thursday, March 5th. Stockholders 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 of this dividend is Wednesday, April 15th.
Trinity Industries has raised its dividend payment 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 dividend payout ratio of 72.9% meaning its dividend is sufficiently covered by earnings.
Trinity Industries Price Performance
Shares of NYSE TRN opened at $33.15 on Friday. Trinity Industries has a 1 year low of $22.38 and a 1 year high of $35.62. The stock has a market capitalization of $2.65 billion, a P/E ratio of 10.76 and a beta of 1.42. The company’s 50-day moving average is $30.27 and its 200 day moving average is $28.49. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.90 and a quick ratio of 1.08.
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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