TriMas Corporation (NASDAQ:TRS) Declares $0.04 Quarterly Dividend

TriMas Corporation (NASDAQ:TRS) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, February 27th will be given a dividend of 0.04 per share by the industrial products company on Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th.

TriMas has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TriMas to earn $2.04 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 7.8%.

TriMas Stock Performance

NASDAQ TRS opened at $38.04 on Friday. The firm has a 50-day moving average of $35.26 and a 200-day moving average of $35.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. The stock has a market cap of $1.55 billion, a PE ratio of 35.22 and a beta of 0.57. TriMas has a 52-week low of $19.33 and a 52-week high of $40.34.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRS. Covestor Ltd lifted its stake in TriMas by 20,525.0% during the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 821 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of TriMas during the 4th quarter worth $29,000. Ball & Co Wealth Management Inc. bought a new stake in shares of TriMas during the 4th quarter worth $35,000. Quarry LP bought a new position in TriMas in the third quarter valued at about $36,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in TriMas during the third quarter worth about $48,000. 99.42% of the stock is owned by institutional investors.

About TriMas

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.