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

TriMas Co. (NASDAQ:TRS - Get Free Report) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, February 28th.

TriMas has raised its dividend by an average of 58.7% annually over the last three years.

TriMas Price Performance

TriMas stock traded down $0.58 during mid-day trading on Monday, hitting $22.01. 296,614 shares of the company were exchanged, compared to its average volume of 306,789. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. TriMas has a 12-month low of $21.97 and a 12-month high of $28.51. The business's 50 day simple moving average is $24.14 and its two-hundred day simple moving average is $25.20. The company has a market capitalization of $892.95 million, a P/E ratio of 34.39 and a beta of 0.66.

Analysts Set New Price Targets

Several research firms have issued reports on TRS. StockNews.com raised shares of TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. BWS Financial reissued a "buy" rating and set a $40.00 price objective on shares of TriMas in a research note on Thursday, January 23rd.

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.