Trinity Capital Inc. (NASDAQ:TRIN – Get 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.
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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