Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) announced a monthly dividend on Wednesday, March 18th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.17 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, May 15th.
Trinity Capital has a 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 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 Trading Up 0.5%
NASDAQ:TRIN opened at $14.64 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 7.47 and a beta of 0.55. The stock has a fifty day moving average price of $15.62 and a 200 day moving average price of $15.35. Trinity Capital has a 12-month low of $12.50 and a 12-month high of $17.20.
About Trinity Capital
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.
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