Trinity Industries's last quarterly dividend was on Jul 15, 2024 (ex-date) with a distribution of $0.28 per share. On an annualized basis, the company has a current payout of $1.1 per share. This brings the dividend yield to 3.31% based on its recent close price.
TRN has a dividend yield of 3.31% which is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.41%, Trinity Industries's dividend yield is 135% higher. Historically TRN's dividend yield has averaged at 3.6% in the last 5 years, which is above the current yield.
Trinity Industries has been paying dividends since 1995. TRN has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 9% since one year ago. But with the stock price up by 29% from a year ago, the dividend yield marks a decrease of 16%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 15, 2024 | Jul 31, 2024 | May 20, 2024 | $0.28 | normal |
| Apr 12, 2024 | Apr 30, 2024 | Mar 7, 2024 | $0.28 | normal |
| Jan 11, 2024 | Jan 31, 2024 | Dec 6, 2023 | $0.28 | normal |
| Oct 12, 2023 | Oct 31, 2023 | Sep 6, 2023 | $0.26 | normal |
| Jul 13, 2023 | Jul 31, 2023 | May 9, 2023 | $0.26 | normal |
| Apr 13, 2023 | Apr 28, 2023 | Mar 7, 2023 | $0.26 | normal |
| Jan 12, 2023 | Jan 31, 2023 | Dec 8, 2022 | $0.26 | normal |
| Oct 13, 2022 | Oct 31, 2022 | Sep 7, 2022 | $0.23 | normal |
| Jul 14, 2022 | Jul 29, 2022 | May 10, 2022 | $0.23 | normal |
| Apr 13, 2022 | Apr 29, 2022 | Mar 11, 2022 | $0.23 | normal |
| Jan 13, 2022 | Jan 31, 2022 | Dec 10, 2021 | $0.23 | normal |
| Oct 14, 2021 | Oct 29, 2021 | Sep 8, 2021 | $0.21 | normal |
| Jul 14, 2021 | Jul 30, 2021 | May 3, 2021 | $0.21 | normal |
| Apr 14, 2021 | Apr 30, 2021 | Mar 11, 2021 | $0.21 | normal |
| Jan 14, 2021 | Jan 29, 2021 | Dec 10, 2020 | $0.21 | normal |
| Oct 14, 2020 | Oct 30, 2020 | Sep 10, 2020 | $0.19 | normal |
| Jul 14, 2020 | Jul 31, 2020 | May 4, 2020 | $0.19 | normal |
| Apr 14, 2020 | Apr 30, 2020 | Mar 12, 2020 | $0.19 | normal |
| Jan 14, 2020 | Jan 31, 2020 | Dec 6, 2019 | $0.19 | normal |
| Oct 11, 2019 | Oct 31, 2019 | Sep 4, 2019 | $0.17 | normal |
| Jul 12, 2019 | Jul 31, 2019 | May 6, 2019 | $0.17 | normal |
| Apr 12, 2019 | Apr 30, 2019 | Mar 7, 2019 | $0.17 | normal |
| Jan 14, 2019 | Jan 31, 2019 | Dec 6, 2018 | $0.13 | normal |
| Oct 12, 2018 | Oct 31, 2018 | Sep 13, 2018 | $0.13 | normal |
| Jul 12, 2018 | Jul 31, 2018 | May 8, 2018 | $0.13 | normal |
| Apr 12, 2018 | Apr 30, 2018 | Mar 8, 2018 | $0.13 | normal |
| Jan 11, 2018 | Jan 31, 2018 | Dec 12, 2017 | $0.13 | normal |
| Oct 12, 2017 | Oct 31, 2017 | $0.13 | normal | |
| Jul 12, 2017 | Jul 31, 2017 | May 1, 2017 | $0.13 | normal |
| Apr 11, 2017 | Apr 28, 2017 | Mar 8, 2017 | $0.11 | normal |
| Jan 11, 2017 | Jan 31, 2017 | Dec 8, 2016 | $0.11 | normal |
| Oct 12, 2016 | Oct 31, 2016 | Sep 8, 2016 | $0.11 | normal |
| Jul 13, 2016 | Jul 29, 2016 | $0.11 | normal | |
| Apr 13, 2016 | Apr 29, 2016 | $0.11 | normal |
TRN has a payout ratio of 71% which is higher than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 32.7%, Trinity Industries's payout ratio is 117% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TRN Trinity Industries Inc | 3.3% | $1.1 | 71% |
| CAT Caterpillar Inc | 1.52% | $5.31 | 23.9% |
| WAB Westinghouse Air Brake Technologies Corp | 0.46% | $0.74 | 12.9% |
Yes, Trinity Industries has been paying dividends for the last 29 years.
Currently TRN's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in October 2024.
Trinity Industries's last dividend ex-date was on Jul 15, 2024. The dividend amount was $0.28 per share.
TRN's annualized dividend per share is $1.1.
Currently Trinity Industries's dividend yield is 3.31%.
Trinity Industries pays dividends quarterly.
Trinity Industries's dividend payout ratio is 71%.
Trinity Industries's dividend yield is above the Industrials sector average.