E Daily Stock Pick: Trinity Industries

A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fifth of five industrials sector stocks poised to join my Volio folio this week. One could be my forty-first pick for Volio!

That industrials sector includes twenty-three industries all related to designing, fabricating, and servicing stuff we want and use. Those industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.

My subject today is a railroad outfit named, Trinity Industries Inc. Its trading ticker symbol is TRN. This is my third report on Trinity Industries for this Volio portfolio. My previous reports on TRN were aired on January 8 and April 8.

Trinity Industries, Inc. provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other.

The company sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.

I use three key data points to gauge dividend equities or funds like Trinity Industries Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

TRN Price

Trinity's price per share closed at $21.11 yesterday. A year ago their price was $19.98. Price grew $1.13 or about 5.6% last year.

Assuming Trinity's stock trades in the range of $10 to $25  this next year, its recent $21.11 price might rise by $2.89 to reach $24.00 by June 12, 2021.

TRN Dividends

Trinity's most recent declared quarterly dividend was $0.19 payable, July 31st. That $0.19 Q dividend equates to $0.76 annually and yields 3.6% at yesterday's $21.11 share price.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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