Trinity Capital Inc. (TRIN) to Issue Monthly Dividend of $0.17 on July 31st

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, June 17th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.17 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Wednesday, July 15th.

Trinity Capital has a dividend 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 tumble. Equities research 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 Stock Performance

Shares of NASDAQ TRIN opened at $17.60 on Monday. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $16.00. Trinity Capital has a fifty-two week low of $14.13 and a fifty-two week high of $18.08. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.31 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $51.37 million for the quarter, compared to analysts’ expectations of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. On average, analysts forecast that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

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.