Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Plans $0.49 Quarterly Dividend

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) declared a quarterly dividend on Friday, January 1st. Investors of record on Sunday, March 15th will be given a dividend of 0.4922 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, March 13th.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

TRINI stock remained flat at $25.46 during mid-day trading on Wednesday. The company’s stock had a trading volume of 8,302 shares, compared to its average volume of 12,989. The firm’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $25.42. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 52-week low of $24.66 and a 52-week high of $25.74.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.