Triton International Limited (TRTN) Declares $0.52 Quarterly Dividend, 5.8% Yield; Announces New Max $200M Share Buyback Plan

Triton International Limited (NYSE: TRTN) declared a quarterly dividend of $0.52 per share, or $2.08 annualized.

The dividend will be payable on September 25, 2018, to stockholders of record on September 4, 2018, with an ex-dividend date of August 31, 2018.

The annual yield on the dividend is 5.8 percent.

Share Repurchase Authorization

Triton’s Board of Directors has authorized the repurchase of up to $200 million of its common shares. Under the plan, shares may be purchased on the open market or in privately negotiated transactions. The extent to which the company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.

Mr. Sondey concluded, “Given the strong market environment and sizable attractive investment opportunities, we will continue to prioritize organic investment and growth as the primary use for our capital. However, we believe that an opportunistic share repurchase program could complement our dividend as another avenue for providing returns to shareholders.”

For a dividend history and other dividend-related data on Triton International Limited (TRTN) click here.

You May Also Be Interested In

• Ericsson repurchases 2.5 million shares in weekly buyback
• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Abacus Global Management approves $100M share buyback program