Dividend Growth of Textainer Group Holdings Limited(TGH)

Textainer Group Holdings Limited(TGH) is having a Dividend Yield of 3.12% with the Annual cash Dividend per share of $0.51. Textainer Group Holdings Limited has a 5 year average dividend yield of 5.51% and the stock has a Indicated annual dividend of $0.51. Textainer Group Holdings Limited(TGH) formally announced its most recent dividend on August 9, 2016 with a Dividend per share of $0.03. The new indicated annual dividend based on announced dividend per share is $0.51. The dividend yield based on the forward looking indicated annual dividend is 3.12%. The 5 year historical dividend growth of Textainer Group Holdings Limited(TGH) is at the rate of -29.19% while the R-Squared dividend growth is 0.37. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Textainer Group Holdings Limited (NYSE:TGH) rose 5.81% or 0.95 points on Thursday and made its way into the gainers of the day. After trading began at $16.2 the stock was seen hitting $17.5 as a peak level and $15.2 as the lowest level. The stock ended up at $17.3. The daily volume was measured at 963,143 shares. The 52-week high of the share price is $17.5 and the 52-week low is $6.9. The company has a market cap of $979 million. Shares of Textainer Group Holdings Limited rose by 27.21% in the last five trading days and 73.87% for the last 4 weeks. Textainer Group Holdings Limited is up 84.04% in the last 3-month period. Year-to-Date the stock performance stands at 132.21%.

Institutional Investors own 17.42% of Textainer Group Holdings Limited shares. Textainer Group Holdings Limited Last issued its quarterly earnings results on Feb 16, 2017. The company reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $-0.21. The company had revenue of $120.08 million for the quarter, compared to analysts expectations of $118.03 million. The companys revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the worlds top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years.


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