Trinity Industries Announces New $250 Mln Stock Buyback Program

(RTTNews) - Trinity Industries, Inc. (TRN) said Thursday that its Board of Directors has approved a new $250 million share repurchase program that will expire on December 31, 2015.

The new program becomes effective on March 7, 2014 and replaces the company's current share repurchase program that was approved in 2013 with an authorization of $200 million.

As of close of business Thursday, the remaining authorization under the current program of about $92 million will expire.

The company also declared a quarterly cash dividend of $0.15 per share, payable on April 30 to stockholders of record on April 15.