Trinity Industries, Inc. (NYSE:TRN) Declares $0.31 Quarterly Dividend

Key Points

• Trinity Industries declared a quarterly dividend of $0.31 per share, payable October 30 to shareholders of record on October 15. The dividend implies an annualized yield of approximately 4.4% and marks the company’s 16th consecutive year of dividend increases.
• The company’s dividend has a 72.9% payout ratio, indicating coverage by earnings, while shares opened at $28.31 with a $2.26 billion market capitalization and a 6.82 price-to-earnings ratio.
• Analyst sentiment is cautious: Trinity has an average “Hold” rating and a $35 price target, with one Buy rating and two Hold ratings among the analysts cited.

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) announced a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be given a dividend of 0.31 per share by the transportation company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Trinity Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Trinity Industries has a payout ratio of 72.9% meaning its dividend is sufficiently covered by earnings.

Trinity Industries Stock Up 0.6%

TRN stock opened at $28.31 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The firm has a market cap of $2.26 billion, a PE ratio of 6.82 and a beta of 1.35. Trinity Industries has a 12 month low of $24.76 and a 12 month high of $38.31. The firm has a 50 day simple moving average of $32.08 and a 200 day simple moving average of $32.82.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Susquehanna decreased their price target on Trinity Industries from $35.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. Wall Street Zen lowered shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Weiss Ratings lowered Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Trinity Industries presently has an average rating of "Hold" and an average price target of $35.00.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.

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