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

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, September 16th. Stockholders of record on Friday, November 13th will be paid a dividend of 0.17 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, November 13th.

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. 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 Trading Down 1.1%

Shares of TRIN stock opened at $17.60 on Thursday. Trinity Capital has a 12-month low of $14.13 and a 12-month high of $18.90. The stock’s 50-day moving average price is $17.98 and its 200-day moving average price is $16.76. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.31 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. As a group, research analysts predict that Trinity Capital will post 2.1 EPS for the current fiscal year.

Trinity Capital Company Profile

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.