Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Stock Price Down 0% – Here’s Why

Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ)’s share price dropped 0% during mid-day trading on Thursday . The company traded as low as $25.30 and last traded at $25.31. Approximately 3,330 shares changed hands during trading, a decline of 64% from the average daily volume of 9,170 shares. The stock had previously closed at $25.32.

Trinity Capital Inc. 7.875% Notes due 2029 Stock Up 0.3%

The business’s fifty day moving average price is $25.33 and its two-hundred day moving average price is $25.34.

Trinity Capital Inc. 7.875% Notes due 2029 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.4922 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.