TriMas Corporation (NASDAQ:TRS) Shares to Pay Quarterly Dividend of $0.04

TriMas Corporation (NASDAQ:TRS) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 5th will be given a dividend of $0.04 per share by the industrial products company on Thursday, November 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 5th.

TriMas has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.2%

NASDAQ:TRS opened at $39.90 on Friday. The company has a market cap of $1.43 billion, a PE ratio of 1.66 and a beta of 0.61. The company has a current ratio of 5.44, a quick ratio of 5.03 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $38.93 and a two-hundred day simple moving average of $39.74. TriMas has a 12 month low of $30.43 and a 12 month high of $45.42.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $174.58 million during the quarter, compared to analyst estimates of $178.44 million. TriMas had a return on equity of 6.41% and a net margin of 104.22%. TriMas’s revenue for the quarter was down 36.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. Research analysts forecast that TriMas will post 1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TRS shares. Wall Street Zen raised TriMas from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, BWS Financial reiterated a “buy” rating and set a $45.00 target price on shares of TriMas in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.50.

About TriMas

TriMas Corporation (NASDAQ: TRS) is a diversified manufacturer that develops and produces engineered products for the packaging, aerospace and industrial markets. The company serves customers through three primary business segments: TriMas Packaging, TriMas Aerospace and TriMas Specialty Products.

TriMas Packaging manufactures dispensing systems, closures, bottles, jars, cartridges and other packaging components used in consumer, industrial, food, beverage, healthcare and personal-care applications.