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

Trinity Industries, Inc. (NYSE:TRN) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.30 per share by the transportation company on Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.21%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28.

Trinity Industries has increased its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Trinity Industries has a payout ratio of 70.0% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Trading Down 0.6 %

TRN stock traded down $0.21 during mid-day trading on Thursday, reaching $37.33. 312,111 shares of the stock traded hands, compared to its average volume of 544,032. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. Trinity Industries has a one year low of $23.40 and a one year high of $38.69. The stock has a market capitalization of $3.07 billion, a PE ratio of 18.32 and a beta of 1.39. The business has a 50-day moving average price of $35.91 and a two-hundred day moving average price of $32.96.

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

Wall Street Analyst Weigh In

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

About Trinity Industries

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.