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 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.

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

About Trinity Capital

(Get Free Report)

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.

See Also

Dividend History for Trinity Capital (NASDAQ:TRIN)

Receive News & Ratings for Trinity Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Capital and related companies with MarketBeat.com's FREE daily email newsletter.