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

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, December 17th. Investors of record on Friday, March 13th will be paid a dividend of 0.17 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Friday, March 13th.

Trinity Capital has a 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 decline. Equities research analysts expect Trinity Capital to earn $2.11 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 96.7%.

Trinity Capital Trading Down 0.2%

TRIN stock traded down $0.04 during midday trading on Thursday, hitting $15.17. The company’s stock had a trading volume of 983,252 shares, compared to its average volume of 702,079. The firm’s 50-day moving average is $14.84 and its 200-day moving average is $15.08. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $16.82. The company has a market cap of $1.15 billion, a PE ratio of 6.92 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. Analysts expect that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.