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

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, December 17th. Investors of record on Friday, February 13th will be paid a dividend of 0.17 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, February 13th.

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 $2.11 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 Price Performance

Shares of TRIN stock traded down $0.05 on Thursday, hitting $15.16. 873,917 shares of the stock traded hands, compared to its average volume of 701,688. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 6.93 and a beta of 0.53. The firm has a 50 day simple moving average of $14.84 and a two-hundred day simple moving average of $15.08. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $16.82.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The business had revenue of $75.55 million for the quarter, compared to analysts’ expectations of $74.31 million. Sell-side analysts forecast that Trinity Capital will post 2.06 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on TRIN. UBS Group lowered their target price on Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Noble Financial started coverage on shares of Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Capital One Financial set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Citizens Jmp initiated coverage on Trinity Capital in a research report on Monday, December 8th. They set a “market outperform” rating and a $17.50 target price for the company. Finally, Loop Capital set a $17.00 target price on shares of Trinity Capital in a research note on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.