Ex-Dividend Date Insight: Trinity Industries


On March 11, 2021, Trinity Industries TRN declared a dividend payable on April 30, 2021 to its shareholders. Trinity Industries also announced that shareholders on the company's books on or before April 15, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Trinity Industries will be on April 14, 2021. The company's current dividend payout is at $0.21. That equates to a dividend yield of 2.88% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Trinity Industries's Dividend Payouts And Yields

Over the past year, Trinity Industries has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on April 14, 2020 the company's payout was $0.19, which has since grown by $0.02. Trinity Industries's dividend yield last year was 4.44%, which has since decreased by 1.56%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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