Trinity Capital Inc. (NASDAQ:TRIN) Plans $0.17 Monthly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, March 18th. Investors of record on Thursday, June 11th will be given a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Thursday, June 11th.

Trinity Capital has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Trinity Capital to earn $2.11 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 96.7%.

Trinity Capital Price Performance

Shares of NASDAQ TRIN opened at $14.56 on Thursday. Trinity Capital has a 1 year low of $12.50 and a 1 year high of $17.20. The firm has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $15.35. The company has a market cap of $1.21 billion, a P/E ratio of 7.43 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The firm had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $79.83 million. As a group, equities research analysts expect that Trinity Capital will post 2.06 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citizens Jmp set a $17.50 price objective on Trinity Capital in a report on Monday, December 8th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Noble Financial initiated coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating for the company. Capital One Financial set a $17.00 target price on shares of Trinity Capital in a research note on Thursday, December 11th. Finally, Loop Capital set a $17.00 price target on shares of Trinity Capital in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trinity Capital presently has a consensus rating of “Moderate Buy” and an average target price of $16.29.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.