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

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) declared a monthly dividend on Wednesday, September 16th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.17 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Friday, November 13th.

Trinity Capital has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Trinity Capital to earn $2.12 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 96.2%.

Trinity Capital Trading Down 1.1%

NASDAQ:TRIN opened at $17.60 on Thursday. The company has a 50-day moving average price of $17.98 and a 200-day moving average price of $16.76. Trinity Capital has a 12 month low of $14.13 and a 12 month high of $18.90. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 9.31 and a beta of 0.61.

Trinity Capital (NASDAQ:TRINGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The company had revenue of $87.17 million for the quarter, compared to the consensus estimate of $91.44 million. Equities analysts forecast that Trinity Capital will post 2.1 EPS for the current fiscal year.

Trinity Capital Company Profile

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Trinity Capital Inc is a specialty finance company that provides debt financing to venture capital-backed companies in the growth and expansion stages of their development. The company primarily serves businesses that may have limited access to traditional bank financing, offering capital designed to support product development, hiring, acquisitions, working capital and other corporate needs.

Trinity’s financing solutions include venture debt, equipment financing and other customized loans.

See Also

Dividend History for Trinity Capital (NASDAQ:TRIN)

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