Trinity Industries, Inc. (NYSE:TRN) to Issue Quarterly Dividend of $0.30

Trinity Industries, Inc. (NYSE:TRN) announced 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 4.76%. The ex-dividend date is Tuesday, April 15th.

Trinity Industries has raised its dividend payment by an average of 9.9% annually over the last three years and has raised its dividend every year for the last 16 years. Trinity Industries has a dividend payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Price Performance

Shares of TRN opened at $25.22 on Friday. The business has a 50-day moving average of $30.26 and a 200-day moving average of $34.22. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.49. Trinity Industries has a 1 year low of $23.50 and a 1 year high of $39.83.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Trinity Industries

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

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.