Trinity Industries, Inc. (NYSE:TRN) to Issue $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 yield of 4.28%.

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

Trinity Industries Stock Down 1.4 %

Shares of TRN opened at $28.07 on Tuesday. Trinity Industries has a 52-week low of $25.89 and a 52-week high of $39.83. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The stock has a fifty day simple moving average of $32.93 and a two-hundred day simple moving average of $34.81. The company has a market capitalization of $2.30 billion, a PE ratio of 17.11 and a beta of 1.50.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. As a group, equities analysts forecast that Trinity Industries will post 1.65 EPS for the current year.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna upped their price target on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

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.