TriMas Co. (TRS) to Issue Quarterly Dividend of $0.04 on March 7th

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.04 per share by the industrial products company on Friday, March 7th. This represents a $0.16 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, February 28th.

TriMas has increased its dividend by an average of 58.7% per year over the last three years.

TriMas Stock Down 2.7 %

Shares of TriMas stock opened at $22.59 on Friday. The business has a 50-day moving average of $24.21 and a 200-day moving average of $25.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The company has a market capitalization of $916.48 million, a PE ratio of 35.30 and a beta of 0.66. TriMas has a 1-year low of $22.24 and a 1-year high of $28.51.

Analysts Set New Price Targets

A number of equities analysts have commented on TRS shares. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.