Trinity Industries (NYSE: TRN ) is rolling a higher dividend down the rails. The company has declared a distribution of $0.13 per share of its common stock. This will be paid on July 31 to shareholders of record as of July 15. That amount represents an 18% improvement over the previous payout, which was handed out at the end of April and totaled $0.11 per share.
In the press release announcing the increased dividend, the company pointed out that it is the 197th consecutive disbursement.
The new dividend annualizes to $0.52 per share. That yields 1.2% at Trinity Industries' current stock price of $41.83.