Trinity Capital Inc. (NASDAQ:TRIN) Declares Monthly Dividend of $0.17

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, June 17th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.17 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Trinity Capital has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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

Shares of TRIN opened at $16.77 on Thursday. The company’s fifty day moving average is $16.48 and its 200 day moving average is $15.73. Trinity Capital has a fifty-two week low of $13.76 and a fifty-two week high of $17.38. The stock has a market capitalization of $1.51 billion, a PE ratio of 8.87 and a beta of 0.62.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The company had revenue of $51.37 million for the quarter, compared to analysts’ expectations of $85.87 million. As a group, research analysts forecast that Trinity Capital will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods boosted their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.64.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.