TriMas Co. (NASDAQ:TRS – Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Stockholders of record on Tuesday, November 5th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, November 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, November 5th.
TriMas has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 8.2%.
TriMas Stock Down 1.5 %
NASDAQ TRS opened at $27.53 on Wednesday. TriMas has a one year low of $22.45 and a one year high of $28.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82. The business has a fifty day moving average price of $25.32 and a 200 day moving average price of $25.73. The company has a market cap of $1.12 billion, a P/E ratio of 28.09 and a beta of 0.67.
Wall Street Analysts Forecast Growth
Separately, BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, October 9th.
About TriMas
TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.
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