Trinity Industries, Inc. (NYSE:TRN) Announces $0.30 Quarterly Dividend

Trinity Industries, Inc. (NYSE:TRN) declared a quarterly dividend on Monday, March 31st, RTT News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.30 per share by the transportation company on Wednesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.28%.

Trinity Industries has raised its dividend by an average of 9.9% per year over the last three years and has increased its dividend every year for the last 15 years. Trinity Industries has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings.

Trinity Industries Stock Down 1.4 %

Shares of TRN traded down $0.39 on Monday, reaching $28.07. The stock had a trading volume of 870,823 shares, compared to its average volume of 562,931. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. Trinity Industries has a 12-month low of $25.89 and a 12-month high of $39.83. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.11 and a beta of 1.50. The company has a 50-day simple moving average of $33.13 and a 200-day simple moving average of $34.83.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Sell-side analysts predict that Trinity Industries will post 1.65 EPS for the current year.

Analyst Ratings Changes

Separately, Susquehanna boosted their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.