Trinity Industries, Inc. (NYSE:TRN) Declares Dividend Increase – $0.30 Per Share

Trinity Industries, Inc. (NYSE:TRN) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.30 per share by the transportation company on Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28.

Trinity Industries has increased its dividend payment by an average of 11.0% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Trinity Industries has a payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Stock Up 1.7 %

Shares of NYSE:TRN opened at $37.98 on Friday. Trinity Industries has a 1 year low of $23.40 and a 1 year high of $38.69. The business has a 50 day simple moving average of $36.05 and a two-hundred day simple moving average of $33.04. The firm has a market capitalization of $3.12 billion, a PE ratio of 18.53 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business had revenue of $798.80 million for the quarter, compared to analyst estimates of $696.00 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts predict that Trinity Industries will post 1.75 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. Finally, The Goldman Sachs Group started coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company.

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.