Trinity Industries, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Trinity Industries (NYSE: TRN) has announced a quarterly dividend of 28 cents per share on its $0.01 par value common stock. This marks the 241st consecutive dividend payment by the company. The dividend is payable on July 31, 2024, to shareholders recorded by July 15, 2024.

Headquartered in Dallas, Texas, Trinity Industries operates in North America through its TrinityRail platform, which provides railcar leasing, management, manufacturing, maintenance, and other logistics services. As of January 1, 2024, Trinity Industries will report its financial results in two segments: the Railcar Leasing and Services Group and the Rail Products Group.

Positive

• Quarterly dividend payment of 28 cents per share.
• 241st consecutive dividend payment, indicating financial stability.
• Payment date set for July 31, 2024.
• Record date for shareholders is July 15, 2024.
• Trinity operates in North America, a key market for rail transportation.
• Two new reportable business segments starting January 1, 2024.

Negative

• No mention of increased dividends, indicating potential stagnation in growth.
• Details on financial performance or future outlook were not provided.

DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE:TRN) has declared a quarterly dividend of 28 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 241st consecutively paid dividend, is payable July 31, 2024 to stockholders of record on July 15, 2024.

About Trinity Industries

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Beginning January 1, 2024, Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit: www.trin.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520228865/en/

Investor Contact:

Leigh Anne Mann

Vice President, Investor Relations

Trinity Industries, Inc.

(Investors) 214/631-4420

Media Contact:

Jack L. Todd

Vice President, Public Affairs

Trinity Industries, Inc.

(Media Line) 214/589-8909

 

 

Source: Trinity Industries, Inc.

FAQ

What dividend did Trinity Industries (TRN) declare?

Trinity Industries declared a quarterly dividend of 28 cents per share.

When is the dividend payment date for Trinity Industries (TRN) shares?

The dividend payment date is July 31, 2024.

What is the record date for Trinity Industries (TRN) dividend?

The record date for the dividend is July 15, 2024.

What segments will Trinity Industries (TRN) report its financial results in from January 1, 2024?

From January 1, 2024, Trinity Industries will report its financial results in the Railcar Leasing and Services Group and the Rail Products Group.

What services does Trinity Industries provide under the TrinityRail platform?

TrinityRail provides railcar leasing, management, manufacturing, maintenance, and other logistics services.