Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Shares Down 0.2% – Should You Sell?

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI)’s share price was down 0.2% on Friday . The stock traded as low as $25.21 and last traded at $25.1810. 1,489 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 12,256 shares. The stock had previously closed at $25.24.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Down 0.2%

The company has a fifty day moving average price of $25.31 and a 200 day moving average price of $25.31.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 15th.

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.