Trinity Capital Inc. (NASDAQ:TRIN) Announces $0.17 Monthly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, December 17th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.17 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, February 13th.

Trinity Capital has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Trinity Capital to earn $2.11 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 96.7%.

Trinity Capital Price Performance

TRIN traded down $0.05 during trading hours on Thursday, hitting $15.16. 873,917 shares of the stock were exchanged, compared to its average volume of 701,688. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $16.82. The stock has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $15.08. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 6.93 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $75.55 million for the quarter, compared to the consensus estimate of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. Sell-side analysts expect that Trinity Capital will post 2.06 EPS for the current year.

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.