TriMas Co. (TRS) to Issue Quarterly Dividend of $0.04 on May 14th

TriMas Co. (NASDAQ:TRS) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th.

TriMas has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriMas to earn $2.19 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 7.3%.

TriMas Stock Performance

Shares of TRS opened at $26.28 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.29. The firm’s 50 day moving average is $25.49 and its 200-day moving average is $25.02. TriMas has a 12-month low of $22.59 and a 12-month high of $29.07. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.09 and a beta of 0.71.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The company had revenue of $209.60 million during the quarter, compared to analyst estimates of $246.44 million. TriMas had a net margin of 4.52% and a return on equity of 8.85%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. Equities research analysts anticipate that TriMas will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling

In other TriMas news, CEO Thomas A. Amato bought 10,000 shares of TriMas stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 286,168 shares of the company’s stock, valued at $6,759,288.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

TriMas Company Profile

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.