Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) to Issue $0.49 Quarterly Dividend

Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.4922 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.

Trinity Capital Inc. 7.875% Notes due 2029 Stock Performance

Trinity Capital Inc. 7.875% Notes due 2029 stock traded up $0.02 during mid-day trading on Friday, reaching $25.51. 14,255 shares of the company’s stock were exchanged, compared to its average volume of 8,048. The business’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $25.32. Trinity Capital Inc. 7.875% Notes due 2029 has a one year low of $24.91 and a one year high of $25.66.

Institutional Trading of Trinity Capital Inc. 7.875% Notes due 2029

A hedge fund recently bought a new stake in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. purchased a new position in shares of Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.