TriMas Co. (NASDAQ:TRS) Plans Quarterly Dividend of $0.04

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th.

TriMas has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriMas to earn $2.43 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 6.6%.

TriMas Stock Down 0.5 %

Shares of TRS traded down $0.13 on Wednesday, hitting $26.12. The company’s stock had a trading volume of 44,134 shares, compared to its average volume of 229,258. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average price is $25.46 and its 200-day moving average price is $25.01. TriMas has a fifty-two week low of $22.59 and a fifty-two week high of $29.07. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.06 and a beta of 0.71.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, February 29th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $209.60 million during the quarter, compared to the consensus estimate of $246.44 million. TriMas had a net margin of 4.52% and a return on equity of 8.85%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, equities research analysts expect that TriMas will post 1.94 EPS for the current year.

Insider Transactions at TriMas

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the purchase, the chief executive officer now owns 286,168 shares in the company, valued at $6,759,288.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.