TriMas Co. (TRS) to Issue Quarterly Dividend of $0.04 on March 7th

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.04 per share by the industrial products company on Friday, March 7th. This represents a $0.16 dividend on an annualized basis 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% annually over the last three years.

TriMas Stock Up 1.0 %

TriMas stock opened at $22.22 on Wednesday. The stock’s fifty day simple moving average is $24.01 and its 200-day simple moving average is $25.18. 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 market capitalization of $901.51 million, a P/E ratio of 34.57 and a beta of 0.66. TriMas has a twelve month low of $21.97 and a twelve month high of $28.51.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BWS Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Thursday, January 23rd. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a 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.