Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) declared a monthly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.17 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Thursday, October 15th.
Trinity Capital has a dividend 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 decline. 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 Stock Performance
TRIN opened at $17.60 on Thursday. The company has a 50-day moving average of $17.98 and a 200-day moving average of $16.76. The company has a market capitalization of $1.67 billion, a P/E ratio of 9.31 and a beta of 0.61. Trinity Capital has a 1-year low of $14.13 and a 1-year high of $18.90.
About Trinity Capital
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.
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