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

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

Trinity Capital has a payout ratio of 100.0% meaning 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 Price Performance

Shares of NASDAQ TRIN opened at $17.60 on Thursday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 9.31 and a beta of 0.61. The stock’s fifty day moving average price is $17.98 and its two-hundred day moving average price is $16.76. Trinity Capital has a one year low of $14.13 and a one year high of $18.90.

Trinity Capital (NASDAQ:TRINGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $87.17 million for the quarter, compared to analyst estimates of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. On average, equities analysts anticipate that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

About Trinity Capital

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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.

Further Reading

Dividend History for Trinity Capital (NASDAQ:TRIN)

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