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

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, June 17th. Investors of record on Friday, August 14th will be given a dividend of 0.17 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Friday, August 14th.

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 Down 0.8%

Shares of TRIN opened at $16.77 on Thursday. The business has a fifty day moving average of $16.48 and a 200 day moving average of $15.73. The company has a market cap of $1.51 billion, a PE ratio of 8.87 and a beta of 0.62. Trinity Capital has a 52-week low of $13.76 and a 52-week high of $17.38.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The business had revenue of $51.37 million for the quarter, compared to analysts’ expectations of $85.87 million. As a group, research analysts anticipate that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TRIN. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods increased their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trinity Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.64.

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.