Trinity went public in 2021, so it's only been paying a dividend for a few years. But its track record - albeit short - is excellent. It has raised the dividend 12 times in the past 13 quarters. In fact, the most recent quarter was the first time it did not boost the dividend. In 2022 and 2023, the company also paid out several special dividends. The 14.7% yield is only based on the current $0.51 per share quarterly dividend, so if the dividend continues to climb or the company keeps paying special dividends, shareholders could see an even bigger yield. There's no doubt 14.7% is an eye-popping number. However, there's one potential problem with Trinity's dividend... and if you've been reading my Safety Net columns for a while, you know it's a big deal. |
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