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

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) announced a quarterly dividend on Monday, March 31st, RTT News reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.30 per share by the transportation company on Wednesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, April 15th.

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

Trinity Industries Stock Performance

Shares of NYSE:TRN traded down $1.89 during mid-day trading on Thursday, reaching $26.97. 152,025 shares of the company traded hands, compared to its average volume of 563,897. The company's 50 day moving average price is $32.53 and its 200-day moving average price is $34.74. The firm has a market cap of $2.21 billion, a PE ratio of 16.45 and a beta of 1.48. Trinity Industries has a 52 week low of $25.89 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $629.40 million for 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%. On average, equities analysts expect that Trinity Industries will post 1.65 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

Separately, Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries 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 completion of the transaction, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.