Trinity Industries is rolling a higher dividend down the rails. The company has declared a distribution of $0.13 per share of its common stock. This will be paid on July 31 to shareholders of record as of July 15. That amount represents an 18% improvement over the previous payout, which was handed out at the end of April and totaled $0.11 per share.

In the press release announcing the increased dividend, the company pointed out that it is the 197th consecutive disbursement.

The new dividend annualizes to $0.52 per share. That yields 1.2% at Trinity Industries' current stock price of $41.83.

The article Trinity Industries Lifts Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Trinity Industries, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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