Trinity Capital Inc. to Issue Monthly Dividend of $0.17 (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, September 16th. Investors of record on Friday, December 11th will be given a dividend of 0.17 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Friday, December 11th.

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 fall. 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 Trading Down 1.1%

TRIN opened at $17.60 on Thursday. The stock’s fifty day simple moving average is $17.98 and its 200 day simple moving average is $16.76. Trinity Capital has a 1-year low of $14.13 and a 1-year high of $18.90. The stock has a market cap of $1.67 billion, a PE ratio of 9.31 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $87.17 million during the quarter, compared to the consensus estimate of $91.44 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. Equities analysts forecast that Trinity Capital will post 2.1 earnings per share for the current year.

About Trinity Capital

Trinity Capital Inc is a specialty finance company that provides debt financing to venture capital-backed companies in the growth and expansion stages of their development. The company primarily serves businesses that may have limited access to traditional bank financing, offering capital designed to support product development, hiring, acquisitions, working capital and other corporate needs.

Trinity’s financing solutions include venture debt, equipment financing and other customized loans.