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

Trinity Industries, Inc. (NYSE:TRN) declared a quarterly dividend on Thursday, September 5th, RTT News reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.28 per share by the transportation company on Thursday, October 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, October 15th.

Trinity Industries has raised its dividend by an average of 11.0% per year over the last three years and has increased its dividend every year for the last 15 years. Trinity Industries has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Price Performance

Trinity Industries stock opened at $35.98 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The stock has a market cap of $2.94 billion, a P/E ratio of 24.15 and a beta of 1.39. The company has a 50-day moving average price of $32.96 and a 200 day moving average price of $30.82. Trinity Industries has a 12-month low of $20.04 and a 12-month high of $37.04.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The firm had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. Sell-side analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

About Trinity Industries

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.