Trinity Capital Inc. (NASDAQ:TRIN) to Issue Monthly Dividend of $0.17

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) announced a monthly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.17 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, July 15th.

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 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 Stock Performance

Shares of TRIN opened at $16.77 on Thursday. Trinity Capital has a fifty-two week low of $13.76 and a fifty-two week high of $17.38. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 8.87 and a beta of 0.62. The firm has a 50 day moving average price of $16.48 and a 200-day moving average price of $15.73.

Trinity Capital (NASDAQ:TRINGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. As a group, equities research analysts predict that Trinity Capital will post 2.1 earnings per share for the current year.

Trinity Capital Company Profile

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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.

See Also

Dividend History for Trinity Capital (NASDAQ:TRIN)

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