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

TriMas Co. (NASDAQ:TRS) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Tuesday, November 5th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, November 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%.

TriMas has a payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $1.96 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 8.2%.

TriMas Price Performance

Shares of TriMas stock traded down $0.25 during mid-day trading on Tuesday, reaching $27.71. 3,289 shares of the stock were exchanged, compared to its average volume of 266,662. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 28.53 and a beta of 0.67. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $25.73. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $28.51.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $238.63 million. TriMas had a return on equity of 9.61% and a net margin of 4.44%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. On average, sell-side analysts predict that TriMas will post 1.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 price objective on shares of TriMas in a report on Wednesday, October 9th.

About TriMas

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.