Trinity Industries, Inc. Announces Quarterly Dividend of $0.31 (NYSE:TRN)

Trinity Industries, Inc. (NYSE:TRNGet Free Report) declared a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be given 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 payment by an average of 0.1%per year 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 Price Performance

TRN opened at $28.31 on Friday. Trinity Industries has a 52-week low of $24.76 and a 52-week high of $38.31. The company has a market cap of $2.26 billion, a P/E ratio of 6.82 and a beta of 1.35. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56. The company has a 50 day moving average of $32.08 and a two-hundred day moving average of $32.82.

Insider Activity

In related news, EVP Kevin Poet sold 17,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total transaction of $502,350.00. Following the transaction, the executive vice president directly owned 69,225 shares of the company’s stock, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRN. Capital International Investors lifted its holdings in shares of Trinity Industries by 65.1% during the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock valued at $236,251,000 after buying an additional 3,518,796 shares during the last quarter. California State Teachers Retirement System raised its holdings in Trinity Industries by 3,268.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,305,053 shares of the transportation company’s stock worth $114,289,000 after acquiring an additional 3,206,944 shares during the period. Bank of America Corp DE acquired a new position in shares of Trinity Industries during the 2nd quarter worth about $34,584,000. Bridgeway Capital Management LLC bought a new stake in shares of Trinity Industries in the third quarter valued at approximately $15,673,000. Finally, Millennium Management LLC grew its position in Trinity Industries by 329.2% during the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after buying an additional 489,348 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Trinity Industries

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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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Dividend History for Trinity Industries (NYSE:TRN)

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