Trinity Capital Inc. Announces Quarterly Dividend of $0.51 (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.51 per share on Tuesday, October 15th. This represents a $2.04 annualized dividend and a dividend yield of 14.64%. The ex-dividend date of this dividend is Monday, September 30th.

Trinity Capital has a dividend payout ratio of 98.6% 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 $2.13 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 95.8%.

Trinity Capital Trading Up 0.1 %

NASDAQ:TRIN opened at $13.93 on Friday. The firm has a market capitalization of $689.24 million, a P/E ratio of 8.65 and a beta of 0.55. Trinity Capital has a 52 week low of $13.21 and a 52 week high of $15.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $14.14 and a 200 day moving average of $14.47.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. The business had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same period in the previous year, the company earned $0.58 EPS. On average, research analysts predict that Trinity Capital will post 2.08 earnings per share for the current year.

Insider Activity

In other news, CEO Kyle Steven Brown bought 3,500 shares of Trinity Capital stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the acquisition, the chief executive officer now owns 975,298 shares of the company’s stock, valued at $13,800,466.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 5,597 shares of company stock valued at $78,913. Corporate insiders own 6.38% of the company’s stock.

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.