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

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, December 17th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.17 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Friday, March 13th.

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 decline. Research 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 Price Performance

TRIN stock traded down $0.05 during trading on Thursday, reaching $15.16. The company had a trading volume of 873,917 shares, compared to its average volume of 701,688. The business has a 50 day moving average of $14.84 and a 200 day moving average of $15.08. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $16.82. The company has a market cap of $1.15 billion, a P/E ratio of 6.93 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. Research analysts expect that Trinity Capital will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRIN. JMP Securities set a $17.50 target price on Trinity Capital in a research report on Monday, December 8th. Capital One Financial set a $17.00 price target on shares of Trinity Capital in a research report on Thursday, December 11th. UBS Group lowered their price objective on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Citizens Jmp began coverage on shares of Trinity Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $17.50 price objective for the company. Finally, Noble Financial began coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.