TriMas Corporation Announces Quarterly Dividend of $0.04 (NASDAQ:TRS)

TriMas Corporation (NASDAQ:TRS) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 6th will be given a dividend of 0.04 per share by the industrial products company on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 6th.

TriMas has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriMas to earn $2.17 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 7.4%.

TriMas Price Performance

Shares of TriMas stock traded up $0.24 during trading on Thursday, reaching $40.22. 232,551 shares of the stock traded hands, compared to its average volume of 477,012. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 1.67 and a beta of 0.59. The business has a fifty day simple moving average of $41.16 and a two-hundred day simple moving average of $38.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50. TriMas has a 52-week low of $30.43 and a 52-week high of $45.42.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.24). The firm had revenue of $168.28 million during the quarter, compared to the consensus estimate of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Sell-side analysts expect that TriMas will post 1.67 EPS for the current year.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.