Triton International Limited (NYSE:TRTN) Raises Quarterly Dividend By 10 Percent

Triton International Limited (NYSE:TRTN) declared quarterly dividend of $ 0.57 per share, or $ 2.28 annualized. This is an increase of 10 percent from the previously announced dividend.

The dividend will be payable on December 23, 2020, to stockholders of record on December 10, 2020, with an ex-dividend date of December 9, 2020.

Dividends History

Click Here For More Historical Dividends Of Triton International Limited

Triton International Limited recently reported third quarter financial results on October 23, 2020, before market open, largest owner-lessor of marine intermodal cargo containers unveiled income for the third quarter of $ 0.67 per share, from the revenue of $ 327.80 million, On adjusted basis, TRTN reported income for the quarter of $ 1.14 per share. The quarterly earnings declined 42.74 percent while revenues contracted 2.63 percent compared with the same quarter last year. Street analysts expected Triton International Limited recently reported third quarter financial results on October 23, 2020, before market open, largest owner-lessor of marine intermodal cargo containers to report income of $ 1.06 per share on revenue of $ 335.30 million for the third quarter. The bottom line results beat street analysts by $ 0.08 or 7.55 percent, at the same time, top line results fell short of analysts by $ 7.5 million or 2.24 percent.

Stock Performance

Shares of Triton International Limited traded up $ 0.09 or 0.25 percent on Thursday, reaching $ 36.66 with volume of 758.30 thousand shares. Triton International Limited has traded high as $ 36.92 and has cracked $ 36.30 on the downward trend

According to the previous trading day, closing price of $ 36.66, representing a 84.70 % increase from the 52 week low of $ 19.80 and a 11.96 % decrease over the 52 week high of $ 41.54.

The company has a market capital of $ 2.52 billion and is part of the Industrials sector and Rental & Leasing Services industry.

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.