Friday, November 4, 2022

Dividend Increase - Triton International Limited (TRTN)



Tuesday, November 1st the Board of Directors of Triton International Limited (TRTN) announced a quarterly dividend increase of from $0 .65 to $0.70 per share that’s payable December 22, 2022 to holders of record December 8, 2022. This represents a 7.69% increase over the last quarterly dividend.


Mr. Sondey concluded, "The increase in Triton's quarterly dividend reflects Triton's strong balance sheet, outstanding financial performance and our confidence that Triton's profitability and cash flows will remain strong."


With current price $ 59.60 (today's open), this raise brings their dividend yield to 4.70%.



Triton International is a Dividend Challengers with a 7 year streak of dividend increases. Dividend growth rates for 1, 3 and 5 years are 10.8, 5.5 and 21.3 (Dividend Champions.xls)



Since I own 100 shares of TRTN, this will increase my portfolio's projected annual net dividend income by $ 14.90.


This increase was in line with my expectations.


This increase raises my YOC to 5.89%.



Summary of 2022 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long TRTN


Thanks for stopping by!


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