Trinity Industries, Inc. (NYSE:TRN) Plans 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 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 yield of 3.21%. This is an increase 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 every year for the last 15 years. Trinity Industries has a dividend payout ratio of 70.0% indicating that its dividend is sufficiently covered by earnings.

Trinity Industries Price Performance

Shares of TRN stock traded down $0.21 during mid-day trading on Thursday, hitting $37.33. The company had a trading volume of 312,111 shares, compared to its average volume of 544,032. Trinity Industries has a 52-week low of $23.40 and a 52-week high of $38.69. The stock’s 50 day moving average price is $35.91 and its 200-day moving average price is $32.96. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The company has a market capitalization of $3.07 billion, a P/E ratio of 18.32 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 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 firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Trinity Industries will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRN has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research note on Monday, October 21st.

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.