Trinity Industries (NYSE:TRN) is putting some zip in its shareholder payout. The company has declared a quarterly common stock dividend of $0.15 per share, to be paid on October 31 to shareholders of record as of October 15. That amount is $0.02, or 15%, higher than the firm's previous distribution of $0.13 paid at the end of July.

The firm is a very consistent and dependable dividend payer. In the press release announcing the upcoming disbursement, it pointed out that the payout will be its 198th in a row.

The new dividend annualizes to $0.60 per share. That yields 1.4% at Trinity Industries' current stock price of $43.57.

Fool contributor Eric Volkman has no position in Trinity Industries. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.