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

Key Points

• TriMas declared a quarterly dividend of $0.04 per share, payable November 12 to shareholders of record November 5. The dividend implies an annualized payout of $0.16 and a 0.4% yield.
• The dividend appears well covered, with a current payout ratio of 7.8%; analysts expect a future payout ratio of about 7.4% based on projected earnings.
• TriMas recently reported quarterly EPS of $0.52, exceeding estimates of $0.49, although revenue fell 36.5% year over year to $174.58 million.

TriMas Corporation (NASDAQ:TRS - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be paid a dividend of $0.04 per share by the industrial products company on Thursday, November 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 5th.

TriMas has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriMas to earn $2.17 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 7.4%.

TriMas Stock Up 0.2%

TRS opened at $39.90 on Friday. TriMas has a fifty-two week low of $30.43 and a fifty-two week high of $45.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.03 and a current ratio of 5.44. The company has a fifty day moving average of $38.93 and a two-hundred day moving average of $39.74. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.50 and a beta of 0.61.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $174.58 million for the quarter, compared to analyst estimates of $178.44 million. TriMas had a return on equity of 6.41% and a net margin of 104.22%. The business's revenue was down 36.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts expect that TriMas will post 1.66 earnings per share for the current year.

TriMas Company Profile

TriMas Corporation NASDAQ: TRS is a diversified manufacturer that develops and produces engineered products for the packaging, aerospace and industrial markets. The company serves customers through three primary business segments: TriMas Packaging, TriMas Aerospace and TriMas Specialty Products.

TriMas Packaging manufactures dispensing systems, closures, bottles, jars, cartridges and other packaging components used in consumer, industrial, food, beverage, healthcare and personal-care applications.

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