Triton International Limited Plans Quarterly Dividend of $0.45 (TRTN)
Triton International Limited (NASDAQ:TRTN) declared a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Friday, December 1st will be given a dividend of 0.45 per share on Friday, December 22nd. This represents a $1.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, November 30th.
Triton International Limited (NASDAQ:TRTN) traded down $1.09 during mid-day trading on Monday, hitting $41.54. 412,888 shares of the company traded hands, compared to its average volume of 460,015. Triton International Limited has a fifty-two week low of $13.50 and a fifty-two week high of $43.85.
Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.
A number of brokerages have issued reports on TRTN. SunTrust Banks, Inc. increased their price objective on shares of Triton International Limited from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Cowen and Company reiterated a “buy” rating and set a $44.00 price objective (up from $40.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price objective on shares of Triton International Limited in a research note on Thursday, August 10th. BidaskClub upgraded shares of Triton International Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.17.
In other Triton International Limited news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the vice president now directly owns 23,158 shares in the company, valued at $926,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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