SmarterDividends
TRN

Trinity Industries, Inc.

TRN

Industrials · Railroads · Stock · quarterly payer

$25.22

Fairly valued · -12% Add to Portfolio

Forward Yield

4.92%

Annual Dividend

$1.24

Payout Ratio

29%

5-Yr Growth

9.6%

Ex-Date

Oct 15, 2026

Frequency

Quarterly

Key facts about TRN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Trinity Industries, Inc. (TRN) has a forward dividend yield of 4.92%, based on an annual dividend of $1.24 per share and a share price of $25.22.
  • As of Oct 18, 2026, TRN's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Trinity Industries, Inc. (TRN) has raised its dividend for 15 consecutive years as of Oct 18, 2026.
  • TRN last cut its regular dividend in 2002.
  • TRN's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.31 per share.
  • As of Oct 18, 2026, TRN pays out 29% of its trailing 12-month earnings as dividends (its payout ratio).
  • TRN's dividend has grown at an average rate of 9.6% a year over the past five years.
  • As of Oct 18, 2026, TRN's 4.92% yield is 34% above its five-year average yield of 3.68%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for TRN is $22.15 per share, 12% below the $25.22 share price, so TRN screens as fairly valued.
  • Trinity Industries, Inc. (TRN) pays its dividend quarterly, 4 times a year.
  • Trinity Industries, Inc. (TRN) has raised its regular dividend 33 times and cut it 1 time across the 214 payments on record since 1973. Its most recent change was a 3.3% increase to $0.310 per share, going ex-dividend on Jan 15, 2026. The last cut went ex-dividend on Apr 11, 2002.
Cite this page

SmarterDividends, "TRN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/TRN

Summary

As of Oct 18, 2026, Trinity Industries, Inc. (TRN) yields 4.92% ($1.24 a year per share), has a dividend safety grade of A (83/100) and has 15 consecutive years of dividend increases on record.

Is TRN a good dividend stock?

Yes

Trinity Industries, Inc. (TRN) pays a quarterly dividend yielding 4.92% ($1.24/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 15 consecutive years of dividend growth
  • Comfortable payout ratio (29%)
  • Strong 9.6% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2002
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.92%
Payout Ratio
29%
Annual Dividend
$1.24
5-Yr Avg Growth
9.6%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
15
Frequency
quarterly
Beta
1.35
Market Cap
$2.0B
P/E Ratio
5.9
5-Yr Total Return
-5%
52-Week Range
$24.76 – $38.31
Dividend Safety
A · 83/100
Ever Cut?
Yes (2002)

TRN dividend raises and cuts

Trinity Industries, Inc. (TRN) has raised its regular dividend 33 times and cut it 1 time across the 214 payments on record since 1973. Its most recent change was a 3.3% increase to $0.310 per share, going ex-dividend on Jan 15, 2026. The last cut went ex-dividend on Apr 11, 2002.

Ex-dateChangeOld → newMove
Jan 15, 2026Raise$0.300 → $0.310+3.3%
Jan 15, 2025Raise$0.280 → $0.300+7.1%
Jan 11, 2024Raise$0.260 → $0.280+7.7%
Jan 12, 2023Raise$0.230 → $0.260+13.0%
Jan 13, 2022Raise$0.210 → $0.230+9.5%
Jan 14, 2021Raise$0.190 → $0.210+10.5%
Jan 14, 2020Raise$0.170 → $0.190+11.8%
Apr 12, 2019Raise$0.130 → $0.170+30.8%
Jan 14, 2019Raise$0.0936 → $0.130+38.9%
Jul 12, 2017Raise$0.0792 → $0.0936+18.2%
Jul 13, 2015Raise$0.0720 → $0.0792+10.0%
Jul 11, 2014Raise$0.0540 → $0.0720+33.3%
Show all 34 changes since 1973
Ex-dateChangeOld → newMove
Oct 10, 2013Raise$0.0468 → $0.0540+15.4%
Jul 11, 2013Raise$0.0396 → $0.0468+18.2%
Jul 11, 2012Raise$0.0324 → $0.0396+22.2%
Jul 13, 2011Raise$0.0288 → $0.0324+12.5%
Jul 11, 2008Raise$0.0252 → $0.0288+14.3%
Oct 11, 2007Raise$0.0216 → $0.0252+16.7%
Jul 12, 2006Raise$0.0168 → $0.0216+28.6%
Oct 12, 2005Raise$0.0144 → $0.0168+16.7%
Apr 11, 2002Cut$0.0432 → $0.0144−66.7%
Oct 13, 1999Raise$0.0408 → $0.0432+5.9%
Apr 11, 1997Raise$0.0334 → $0.0408+22.2%
Oct 8, 1993Raise$0.0262 → $0.0334+27.5%
Oct 6, 1989Raise$0.0164 → $0.0262+60.0%
Oct 8, 1981Raise$0.0131 → $0.0164+25.0%
Oct 8, 1980Raise$0.0098 → $0.0131+33.3%
Oct 10, 1979Raise$0.0082 → $0.0098+20.0%
Jan 10, 1978Raise$0.0065 → $0.0082+25.0%
Jan 10, 1977Raise$0.0046 → $0.0065+42.9%
Jul 9, 1976Raise$0.0041 → $0.0046+12.0%
Jul 9, 1975Raise$0.0033 → $0.0041+25.0%
Jul 9, 1974Raise$0.0025 → $0.0033+33.3%
Oct 9, 1973Raise$0.0023 → $0.0025+7.2%
Every TRN payment →Download every raise and cut (CSV)
TRN ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →TRN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TRN a good dividend stock?

Yes. Trinity Industries, Inc. (TRN) pays a quarterly dividend yielding 4.92% ($1.24/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is TRN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TRN's fair value is about $22.15 versus a $25.22 share price — so it looks fairly valued (-12% vs. fair value).

Is TRN's dividend safe?

TRN has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a dividend cut in 2002, debt and yield-versus-history.

What is TRN's fair value?

Our blended fair-value estimate for TRN is about $22.15 per share, about 12% below the current $25.22 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TRN a buy, hold, or sell?

We don't issue formal ratings, but on the data TRN screens as "yes" and fairly valued. Trinity Industries, Inc. (TRN) pays a quarterly dividend yielding 4.92% ($1.24/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will TRN cut its dividend?

TRN earns a dividend-safety grade of A (83/100), and has cut its dividend before (last in 2002). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TRN pay a dividend?

Yes. Trinity Industries, Inc. pays a quarterly dividend of about $1.24 per share annually, a forward yield of roughly 4.92%.

What is TRN's dividend yield?

As of Oct 18, 2026, TRN's forward dividend yield is 4.92%, based on a $1.24 annual dividend and a $25.22 share price.

What is TRN's dividend per share?

As of Oct 18, 2026, TRN pays $1.24 per share per year, distributed on a quarterly basis.

What is TRN's dividend payout ratio?

As of Oct 18, 2026, TRN's payout ratio is 29% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TRN grown its dividend?

As of Oct 18, 2026, TRN has increased its dividend for 15 consecutive years.

When is the next TRN ex-dividend date?

As of Oct 18, 2026, TRN's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.31 per share.

Income Calculator

At $1.24 / yr per share

Per payment (quarterly)$31.00
Annual$124.00
Monthly avg$10.33

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