Triton International Ltd (NYSE:TRTN) to Issue $0.52 Quarterly Dividend

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Triton International Ltd (NYSE:TRTN) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Thursday, September 5th will be paid a dividend of 0.52 per share on Thursday, September 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Wednesday, September 4th.

Triton International has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Triton International to earn $4.95 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 42.0%.

Shares of TRTN opened at $32.15 on Tuesday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.69 and a beta of 2.29. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $31.93. Triton International has a 52 week low of $28.20 and a 52 week high of $38.72.

Triton International (NYSE:TRTN) last posted its earnings results on Thursday, July 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. The firm had revenue of $338.60 million for the quarter, compared to the consensus estimate of $345.61 million. Triton International had a return on equity of 16.56% and a net margin of 24.70%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, equities analysts forecast that Triton International will post 4.67 earnings per share for the current year.

In related news, VP Michelle Gallagher sold 2,360 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $32.29, for a total transaction of $76,204.40. Following the transaction, the vice president now directly owns 12,644 shares in the company, valued at $408,274.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

A number of research firms have recently weighed in on TRTN. ValuEngine upgraded shares of Triton International from a “strong sell” rating to a “sell” rating in a report on Monday, August 26th. Compass Point set a $38.00 target price on shares of Triton International and gave the company a “buy” rating in a report on Friday, July 26th. Finally, TheStreet upgraded shares of Triton International from a “d-” rating to a “c” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.25.

About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

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Dividend History for Triton International (NYSE:TRTN)

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