Triton International Announces New Dividend Schedule for Shares
Triton International Declares Quarterly Dividends on Preference Shares
HAMILTON, Bermuda – Triton International Limited (NYSE: TRTNPRA, NYSE: TRTNPRB, NYSE: TRTNPRC, NYSE: TRTNPRD, NYSE: TRTNPRE) has made an important announcement regarding its preference shares. The Board of Directors has declared a cash dividend, which will be distributed on March 14 to all holders recorded by March 7.
Details of the Dividends
The cash dividends apply to the following series of preference shares:
Series A Preference Shares
For the Series A Preference Shares (NYSE: TRTNPRA), the dividend rate has been set at 8.500%, with a dividend payout of $0.5312500 per share.
Series B Preference Shares
The Series B Preference Shares (NYSE: TRTNPRB) will receive a dividend rate of 8.000%, translating to a dividend payout of $0.5000000 per share.
Series C Preference Shares
Investors holding Series C Preference Shares (NYSE: TRTNPRC) will benefit from a dividend rate of 7.375%, with a payment of $0.4609375 per share.
Series D Preference Shares
The dividend for Series D Preference Shares (NYSE: TRTNPRD) has been established at a rate of 6.875%, which corresponds to a dividend payout of $0.4296875 per share.
Series E Preference Shares
Finally, for Series E Preference Shares (NYSE: TRTNPRE), the dividend rate is 5.750%, offering shareholders a payout of $0.3593750 per share.
About Triton International Limited
Triton International Limited holds the title of the world’s leading lessor of intermodal freight containers. With an impressive fleet of around 7 million twenty-foot equivalent units (TEU), Triton operates globally in the acquisition, leasing, re-leasing, and eventual sale of a diverse array of intermodal containers and chassis.
Frequently Asked Questions
What is Triton International Limited known for?
Triton International Limited is recognized as the largest lessor of intermodal freight containers worldwide, providing extensive leasing services.
When will the dividends be paid?
The cash dividends declared by Triton will be payable on March 14.
What are the dividend rates for the preference shares?
The dividend rates vary by series, with Series A at 8.500% and Series E at 5.750%.
How many shares does Triton manage?
Triton manages approximately 7 million TEU, making it a significant player in the intermodal container leasing market.
How can I learn more about Triton's operations?
For further insights regarding Triton International's operations, you can visit their official site or investor relations page, where they post regular updates.
About The Author
Contact Dominic Sanders here.
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