5 Industrial Dividend Stocks with Over 3% Yield

4. Triton International Limited (NYSE: TRTN)

Number of Hedge Fund Holders: 30
Dividend Yield: 4.3%

Triton International Limited (NYSE: TRTN) works to acquire, lease, re-lease, and sell intermodal containers and chassis to shipping lines and freight forwarding companies. The company ranks 4th on our list of industrial dividend stocks with over 3% yield and operates through its Equipment Leasing and Equipment Trading segments.

Liam Burke, an analyst at B. Riley, this June took over coverage of shares of Triton International Limited (NYSE: TRTN) with a Buy rating. Burke also placed a $70 price target on the stock after assuming coverage.

In the second quarter of 2021, Triton International Limited (NYSE: TRTN) had an EPS of $2.14, beating estimates by $0.17. The company’s revenue was $369.78 million, up 15.06% year over year and beating the previous quarter’s revenue of $346.74 million. Triton International Limited (NYSE: TRTN) has also gained 5.51% in the past 6 months and 12.71% year to date.

By the end of the first quarter of 2021, 30 hedge funds out of the 866 tracked by Insider Monkey held stakes in Triton International Limited (NYSE: TRTN) worth roughly $264 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $255 million.