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

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.69%.

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

TriMas Trading Down 1.6 %

NASDAQ TRS opened at $23.22 on Friday. The firm’s 50-day moving average is $24.21 and its two-hundred day moving average is $25.18. TriMas has a 12 month low of $22.24 and a 12 month high of $28.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The stock has a market capitalization of $942.04 million, a P/E ratio of 36.28 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Thursday, January 23rd.

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.