Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) 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.
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.
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