Skip to main content

Market Overview

Ex-Dividend Date Insight: Trinity Industries

Share:

On March 11, 2021, Trinity Industries (NYSE: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.

To read more news on Trinity Industries click here.

 

Related Articles (TRN)

View Comments and Join the Discussion!

Posted-In: BZI-ExDivDividends

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com