Trinity Industries (TRN) will raise its quarterly dividend by another 11.8 percent to $0.19 per share. This is the second dividend increase announced in 2019 by the rail products company.

The next dividend is payable January 31, 2020 to stockholders of record on January 15, 2020. A new annualized dividend rate of 76 cents per share yields 3.6% at a stock price of $21.26.

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that provide rail transportation products and services in North America. The company's TrinityRail integrated business platform provides railcar manufacturing, maintenance and modifications, as well as railcar leasing and management services. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control, as well as logistical and transportation businesses that provide support services to a variety of industrial manufacturers. Trinity's business segments are: the Rail Group, the Railcar Leasing and Management Services Group, and the All Other Group. Trinity Industries, formerly Trinity Steel, was incorporated in 1933 and became a Delaware corporation in 1987. In 2018, Trinity Industries separated into two independent public companies (Trinity and Arcosa) through a spin-off.