TriMas Corporation (TRS) To Go Ex-Dividend on August 6th

TriMas Corporation (NASDAQ:TRS) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.04 per share by the industrial products company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 6th.

TriMas has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $2.17 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 7.4%.

TriMas Price Performance

TRS stock opened at $40.22 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 1.67 and a beta of 0.59. The firm’s fifty day moving average is $41.16 and its 200 day moving average is $38.23. TriMas has a 52 week low of $30.43 and a 52 week high of $45.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85.

TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.24). TriMas had a return on equity of 8.38% and a net margin of 93.79%.The business had revenue of $168.28 million during the quarter, compared to the consensus estimate of $158.24 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Research analysts predict that TriMas will post 1.67 earnings per share for the current year.

About TriMas

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.