TriplePoint Venture Growth BDC Corp. (TPVG) To Go Ex-Dividend on March 17th

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) announced a quarterly dividend on Friday, February 27th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.23 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 18.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

TriplePoint Venture Growth BDC has decreased its dividend payment by an average of 0.1%annually over the last three years. TriplePoint Venture Growth BDC has a payout ratio of 86.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect TriplePoint Venture Growth BDC to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 71.9%.

TriplePoint Venture Growth BDC Stock Down 1.3%

Shares of TPVG traded down $0.07 during trading hours on Friday, reaching $5.11. 678,098 shares of the company traded hands, compared to its average volume of 412,306. The business has a fifty day moving average price of $5.90 and a 200-day moving average price of $6.04. TriplePoint Venture Growth BDC has a 12-month low of $5.03 and a 12-month high of $7.53. The stock has a market capitalization of $206.70 million, a P/E ratio of 4.15 and a beta of 1.37.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Wednesday, March 4th. The investment management company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.42 million for the quarter, compared to analyst estimates of $23.78 million. TriplePoint Venture Growth BDC had a return on equity of 12.04% and a net margin of 54.12%. As a group, research analysts predict that TriplePoint Venture Growth BDC will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.