Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Plans Quarterly Dividend of $0.49

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.4922 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

Shares of NASDAQ:TRINI traded up $0.01 on Friday, hitting $25.44. 14,073 shares of the company traded hands, compared to its average volume of 12,452. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 52 week low of $24.90 and a 52 week high of $25.74. The stock has a 50 day simple moving average of $25.32 and a 200-day simple moving average of $25.36.

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.