Trinity Industries, Inc. (NYSE:TRN) (“Trinity&CloseCurlyDoubleQuote or the “Company&CloseCurlyDoubleQuote) now declared that it has done the $250 million share repurchase method licensed by its Board of Administrators (the “Board&CloseCurlyDoubleQuote) in October 2020. As a result, Trinity&CloseCurlyQuotes Board has accredited a new $250 million share repurchase application, efficient September 9, 2021, that expires on December 31, 2022.
“We are delighted to have done the Enterprise&CloseCurlyQuotes present $250 million repurchase system, as properly as announce the new $250 million repurchase authorization,&CloseCurlyDoubleQuote explained Jean Savage, Trinity&CloseCurlyQuotes Chief Government Officer and President. “The share repurchase application demonstrates our motivation to returning money to shareholders. This new authorization is supported by our economical toughness and the self-assurance we have in our platform of products and providers for rail transportation. These days&CloseCurlyQuotes announcement reflects our disciplined capital allocation approach to boost shareholder returns.&CloseCurlyDoubleQuote
Trinity also declared a quarterly dividend of 21 cents per share on its $.01 par benefit typical inventory. The quarterly dollars dividend, representing Trinity&CloseCurlyQuotes 230th consecutively compensated dividend, is payable Oct 29, 2021, to stockholders of history on Oct 15, 2021.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns companies that are foremost vendors of rail transportation products and expert services in North America. Our rail-related firms market their railcar products and expert services beneath the trade name TrinityRail&circledR. The TrinityRail platform delivers railcar leasing and administration expert services, as properly as railcar production, routine maintenance and modifications. Trinity also owns enterprises engaged in the manufacture of products utilised on the country&CloseCurlyQuotes roadways and in targeted visitors manage. Trinity reports its fiscal results in three principal business enterprise segments: the Railcar Leasing and Management Providers Team, the Rail Items Group, and the All Other Group. For additional facts, go to: www.trin.web.