TriMas Co. Plans Quarterly Dividend of $0.04 (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRS - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.04 per share by the industrial products company on Tuesday, November 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%.

TriMas has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 8.2%.

TriMas Stock Performance

Shares of NASDAQ:TRS traded down $0.43 during trading on Tuesday, reaching $27.53. The company had a trading volume of 165,382 shares, compared to its average volume of 267,456. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 28.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. The stock's fifty day moving average price is $25.25 and its 200 day moving average price is $25.73. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $28.51.

TriMas (NASDAQ:TRS - Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.10). TriMas had a net margin of 4.44% and a return on equity of 9.61%. The company had revenue of $240.50 million during the quarter, compared to analyst estimates of $238.63 million. During the same period in the previous year, the firm posted $0.50 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that TriMas will post 1.75 EPS for the current year.

Analysts Set New Price Targets

Separately, BWS Financial restated a "buy" rating and issued a $40.00 price target on shares of TriMas in a research note on Wednesday, October 9th.

TriMas Company Profile

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.