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

TriMas Co. (NASDAQ:TRS - Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, May 7th will be given a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, May 6th.

TriMas has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriMas to earn $2.43 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 6.6%.

TriMas Price Performance

NASDAQ TRS traded up $0.03 on Wednesday, reaching $26.28. 464,196 shares of the stock traded hands, compared to its average volume of 235,092. TriMas has a 12 month low of $22.59 and a 12 month high of $29.07. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 27.09 and a beta of 0.71. The firm's fifty day simple moving average is $25.49 and its 200 day simple moving average is $25.02. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). TriMas had a net margin of 4.52% and a return on equity of 8.85%. The business had revenue of $209.60 million during the quarter, compared to analyst estimates of $246.44 million. During the same period in the previous year, the company posted $0.62 earnings per share. TriMas's revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that TriMas will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas A. Amato bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the acquisition, the chief executive officer now directly owns 286,168 shares of the company's stock, valued at approximately $6,759,288.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

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.