Trinity Capital Inc. (TRIN) to Distribute Monthly Dividend of $0.17 on September 30th

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) declared a monthly dividend on Wednesday, June 17th. Investors of record on Thursday, September 10th will be paid a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Thursday, September 10th.

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 tumble. Equities 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 Price Performance

TRIN opened at $18.23 on Tuesday. The business’s 50-day moving average price is $17.95 and its two-hundred day moving average price is $16.62. Trinity Capital has a 1 year low of $14.13 and a 1 year high of $18.90. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.65 and a beta of 0.61.

Trinity Capital (NASDAQ:TRINGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing 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 firm had revenue of $87.17 million for the quarter, compared to analyst estimates of $91.44 million. Sell-side analysts anticipate that Trinity Capital will post 2.1 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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