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

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, June 17th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.17 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Friday, August 14th.

Trinity Capital has a 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 fall. Equities 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. The stock has a 50-day simple moving average of $16.48 and a 200-day simple moving average of $15.73. The stock has a market capitalization of $1.51 billion, a PE ratio of 8.87 and a beta of 0.62. Trinity Capital has a 1 year low of $13.76 and a 1 year high of $17.38.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The business had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Analysts predict that Trinity Capital will post 2.1 EPS for the current year.

About Trinity Capital

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.