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Trinity Industries, Inc.
TRN has announced that its Board of Directors has approved a new $250 million share repurchase program that will expire on December 31, 2015. The new program becomes effective on March 7, 2014 and replaces the Company's current share repurchase program that was approved in 2013 with an authorization of $200 million. As of close of business today, the remaining authorization under the current program of approximately $92 million will expire.
The Company has also declared a quarterly dividend of 15 cents per share on its $1.00 par value common stock. The quarterly cash dividend, representing Trinity's 200th consecutively paid dividend, is payable April 30, 2014 to stockholders of record on April 15, 2014.
Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses which provide products and services to the energy, transportation, chemical, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.
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