Trinity Industries Declares Quarterly Dividend and Renews $200 Million Share Repurchase Program
Trinity Industries, Inc. (NYSE: TRN) has declared a quarterly dividend of 11 cents per share on its $1.00 par value common stock. The quarterly cash dividend, representing Trinity's 194th consecutively paid dividend, is payable October 31, 2012 to stockholders of record on October 15, 2012.
The Company also announced that its Board of Directors has approved a new $200 million share repurchase program to become effective on October 1, 2012 and expire on December 31, 2014. The new program replaces the Company's current program which was approved in 2010, also with an authorization of $200 million, and will now expire on September 30, 2012. The current program has a remaining authorization of approximately $154.9 million.
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