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BLOOMFIELD HILLS, Mich. - TriMas (NASDAQ:TRS), with a market capitalization of $1.24 billion, announced Tuesday it will pay a quarterly cash dividend of $0.04 per share to shareholders, representing an annual dividend yield of 0.52%. The dividend will be payable on August 12, 2025, to shareholders of record as of the close of business on August 5, 2025. According to InvestingPro, the company maintains strong financial health with liquid assets exceeding short-term obligations.
The company, which manufactures products for consumer products, aerospace and industrial markets, maintains operations across 13 countries with approximately 3,900 employees. TriMas operates through three divisions: TriMas Packaging, TriMas Aerospace and Specialty Products. The company has demonstrated strong performance with a 24.72% year-to-date return and currently trades near its 52-week high of $30.98.
TriMas is headquartered in Bloomfield Hills, Michigan, and trades on the NASDAQ under the ticker symbol TRS.
The announcement came through a company press release statement and represents a continuation of the company’s regular quarterly dividend program.
In other recent news, TriMas Corporation reported its first-quarter 2025 earnings, revealing a strong financial performance. The company achieved revenue of $241.7 million, surpassing expectations of $238.69 million, while earnings per share (EPS) aligned with forecasts at $0.46. These financial results have contributed to positive investor sentiment. Additionally, TriMas announced the appointment of Thomas Snyder as its new President and Chief Executive Officer, effective June 23, 2025. Snyder brings nearly 35 years of experience in the packaging industry, having previously held leadership roles at Silgan Holdings Inc. In corporate governance developments, TriMas shareholders approved the election of Jeffrey A. Fielkow and Adrianne W. Shapira as directors for a three-year term during the company’s 2025 Annual Meeting. The meeting also saw the ratification of the company’s independent auditor. These developments reflect TriMas’ ongoing strategic initiatives and leadership changes.
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