Trinity Industries, Inc. Increases Quarterly Dividend

Rhea-AI Summary

Trinity Industries, Inc. (NYSE:TRN) has announced a 10% increase in its quarterly dividend to 23 cents per share, up from 21 cents. This marks the company's 231st consecutive dividend payment. The new dividend is payable on January 31, 2021, to stockholders of record as of January 14, 2021. Trinity, a leading provider of rail transportation products in North America, continues to demonstrate strong financial commitment to its shareholders.

Positive

• Dividend increased by 10% to 23 cents per share.
• 231 consecutive dividend payments reflect stability and reliability.
• Demonstrates confidence in company's financial health.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE:TRN) has declared an increase in its quarterly dividend to 23 cents per share on its $0.01 par value common stock. The new dividend reflects an increase of approximately 10% compared to the most recent quarterly dividend of 21 cents per share. The quarterly cash dividend, representing Trinity’s 231st consecutively paid dividend, is payable January 31, 2021 to stockholders of record on January 14, 2021.

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 rail-related businesses market their railcar products and services under the trade name TrinityRail^®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control. Trinity reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group, and the All Other Group. For more information, visit: www.trin.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211210005543/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 is the new dividend amount for TRN?

The new dividend amount for Trinity Industries (TRN) is 23 cents per share.

When is the dividend payment date for TRN?

The dividend payment date for Trinity Industries (TRN) is January 31, 2021.

What was the previous dividend amount for TRN?

The previous dividend amount for Trinity Industries (TRN) was 21 cents per share.

How many consecutive dividends has TRN paid?

Trinity Industries (TRN) has paid 231 consecutive dividends.

Is the dividend from TRN sustainable?

While the press release does not detail sustainability factors, the increase in dividends suggests confidence in financial health.