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

TriMas Co. (NASDAQ:TRS) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Friday, February 28th will be given a dividend of 0.04 per share by the industrial products company on Friday, March 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, February 28th.

TriMas has raised its dividend by an average of 58.7% per year over the last three years.

TriMas Stock Performance

NASDAQ:TRS opened at $22.22 on Wednesday. TriMas has a twelve month low of $21.97 and a twelve month high of $28.51. The company has a market capitalization of $901.51 million, a P/E ratio of 34.57 and a beta of 0.66. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $25.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BWS Financial reaffirmed a “buy” rating and issued a $40.00 target price on shares of TriMas in a research note on Thursday, January 23rd. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

About TriMas

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.