Trinity Industries, Inc. (TRN) To Go Ex-Dividend on October 15th

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

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

Trinity Industries Stock Up 0.2%

NYSE:TRN opened at $28.42 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The firm’s 50-day moving average price is $31.97 and its 200-day moving average price is $32.79. The company has a market capitalization of $2.26 billion, a PE ratio of 6.85 and a beta of 1.35. Trinity Industries has a 1-year low of $24.76 and a 1-year high of $38.31.

Insider Activity

In related news, EVP Kevin Poet sold 17,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total value of $502,350.00. Following the transaction, the executive vice president owned 69,225 shares in the company, valued at $2,045,598.75. The trade was a 19.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Trinity Industries

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

Trinity Industries Company Profile

Trinity Industries, Inc is an industrial company focused primarily on the North American rail transportation market. Through its TrinityRail business, the company designs, manufactures, sells, leases and manages a broad range of freight railcars, including covered hopper cars, tank cars, gondolas, boxcars and other specialized equipment.

TrinityRail also provides railcar parts and components, maintenance and repair services, engineering and manufacturing support, and fleet-management services.