TriMas Co. (NASDAQ:TRS – Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, May 6th.
TriMas has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance
Shares of TRS stock opened at $26.28 on Thursday. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58. TriMas has a 12 month low of $22.59 and a 12 month high of $29.07. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 27.09 and a beta of 0.71. The stock has a 50-day moving average price of $25.49 and a 200 day moving average price of $25.02.
Insider Transactions at TriMas
In other news, CEO Thomas A. Amato purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the transaction, the chief executive officer now directly owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.
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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