Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) announced a monthly dividend on Wednesday, June 17th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Thursday, September 10th.
Trinity Capital has a 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 fall. 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
Shares of Trinity Capital stock opened at $16.83 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 8.90 and a beta of 0.62. The stock’s 50-day moving average is $16.51 and its 200-day moving average is $15.74. Trinity Capital has a one year low of $13.76 and a one year high of $17.38.
Trinity Capital Company Profile
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.
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