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

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) announced a monthly dividend on Wednesday, March 18th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.17 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Wednesday, April 15th.

Trinity Capital has a 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 tumble. 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 Stock Performance

Shares of Trinity Capital stock opened at $14.56 on Thursday. The stock has a 50 day moving average price of $15.64 and a 200-day moving average price of $15.35. Trinity Capital has a one year low of $12.50 and a one year high of $17.20. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.43 and a beta of 0.55.

Trinity Capital (NASDAQ:TRINGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping 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 company had revenue of $58.89 million during the quarter, compared to the consensus estimate of $79.83 million. Sell-side analysts predict that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

About Trinity Capital

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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.

Further Reading

Dividend History for Trinity Capital (NASDAQ:TRIN)

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