TriMas Declares Quarterly Dividend
February 16 2023 - 9:00AM
Business Wire
TriMas (NASDAQ: TRS) today declared a quarterly cash dividend of
$0.04 per share of TriMas Corporation stock. The quarterly dividend
is payable on March 9, 2023, to shareholders of record as of the
close of business on March 2, 2023.
About TriMas
TriMas manufactures a diverse set of products primarily for the
consumer products, aerospace and industrial markets through its
TriMas Packaging, TriMas Aerospace and Specialty Products groups.
Our approximately 3,500 dedicated employees in 13 countries provide
customers with a wide range of innovative and quality product
solutions through our market-leading businesses. Our TriMas family
of businesses has strong brand names in the markets served, and
operates under a common set of values and strategic priorities
under the TriMas Business Model. TriMas is publicly traded on the
NASDAQ under the ticker symbol “TRS,” and is headquartered in
Bloomfield Hills, Michigan. For more information, please visit
www.trimascorp.com.
Notice Regarding Forward-Looking
Statements
Any "forward-looking" statements, within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, contained herein, including those relating to
TriMas’ business, financial condition or future results, involve
risks and uncertainties with respect to, including, but not limited
to: the severity and duration of the ongoing coronavirus
(“COVID-19”) pandemic on our operations, customers and suppliers,
as well as related actions taken by governmental authorities and
other third parties in response, each of which is uncertain,
rapidly changing and difficult to predict; general economic and
currency conditions; inflationary pressures on our supply chain,
including raw material and energy costs, and customers; interest
rate volatility; risks and uncertainties associated with intangible
assets, including goodwill or other intangible asset impairment
charges; competitive factors; future trends; our ability to realize
our business strategies; our ability to identify attractive
acquisition candidates, successfully integrate acquired operations
or realize the intended benefits of such acquisitions; information
technology and other cyber-related risks; the performance of our
subcontractors and suppliers; supply constraints, including the
availability and cost of raw materials; market demand; intellectual
property factors; litigation; government and regulatory actions,
including, without limitation, climate change legislation and other
environmental regulations, as well as the impact of tariffs, quotas
and surcharges; our leverage; liabilities imposed by our debt
instruments; labor disputes and shortages; changes to fiscal and
tax policies; contingent liabilities relating to acquisition
activities; the disruption of operations from catastrophic or
extraordinary events, including natural disasters and public health
crises; the amount and timing of future dividends and/or share
repurchases, which remain subject to Board approval and depend on
market and other conditions; our future prospects; and other risks
that are detailed in the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2021. The risks described are
not the only risks facing our Company. Additional risks and
uncertainties not currently known to us or that we currently deemed
to be immaterial also may materially adversely affect our business,
financial position and results of operations or cash flows. These
risks and uncertainties may cause actual results to differ
materially from those indicated by the forward-looking statements.
All forward-looking statements made herein are based on information
currently available, and the Company assumes no obligation to
update any forward-looking statements, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230216005188/en/
Sherry Lauderback VP, Investor Relations & Communications
(248) 631-5506 sherrylauderback@trimascorp.com
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