Trinity Industries, Inc. Increases Quarterly Dividend to $0.30 / Share

Rhea-AI Summary

Trinity Industries (NYSE:TRN) has announced an increase in its quarterly dividend from $0.28 to $0.30 per share on its common stock. The dividend will be payable on January 31, 2025 to stockholders of record as of January 15, 2025. This marks Trinity's 243rd consecutive dividend payment.

The company, headquartered in Dallas, Texas, is a leading provider of rail transportation products and services in North America under the TrinityRail® brand. Starting January 1, 2024, Trinity will report financial results in two segments: Railcar Leasing and Services Group and Rail Products Group.

Positive

• Dividend increased by 7.1% from $0.28 to $0.30 per share
• Strong dividend history with 243 consecutive payments demonstrating financial stability
• Strategic reorganization into two focused business segments for improved operational efficiency

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE:TRN) has declared an increase in its quarterly dividend to 30 cents per share on its $0.01 par value common stock, up from 28 cents per share. This increase reflects Trinity’s continued commitment to dividend growth. The quarterly cash dividend, representing Trinity’s 243rd consecutively paid dividend, is payable January 31, 2025 to stockholders of record on January 15, 2025.

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/20241205985590/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 Trinity Industries' (TRN) new quarterly dividend amount?

Trinity Industries' new quarterly dividend is $0.30 per share, increased from $0.28 per share.

When is Trinity Industries' (TRN) next dividend payment date?

Trinity Industries' next dividend payment date is January 31, 2025, for stockholders of record as of January 15, 2025.

How many consecutive dividends has Trinity Industries (TRN) paid?

Trinity Industries has paid 243 consecutive quarterly dividends, demonstrating a long history of consistent dividend payments.

What are Trinity Industries' (TRN) new business segments from January 2024?

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