Trinity Industries, Inc. (NYSE:TRN – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.31 per share by the transportation company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, July 15th.
Trinity Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Trinity Industries has a dividend payout ratio of 72.9% indicating that its dividend is sufficiently covered by earnings.
Trinity Industries Trading Up 1.8%
Shares of Trinity Industries stock opened at $34.39 on Friday. Trinity Industries has a 52-week low of $22.38 and a 52-week high of $37.36. The stock’s 50-day simple moving average is $32.75 and its 200 day simple moving average is $30.22. The stock has a market capitalization of $2.73 billion, a P/E ratio of 11.02 and a beta of 1.40. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.94 and a current ratio of 1.87.
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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