Trinity Capital Inc. – 7.875% Notes Due 2029 (TRINI) to Issue Quarterly Dividend of $0.49 on June 30th

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) declared a quarterly dividend on Friday, January 1st. Investors of record on Monday, June 15th will be given a dividend of 0.4922 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, June 15th.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Performance

NASDAQ:TRINI traded up $0.01 during midday trading on Friday, reaching $25.44. The stock had a trading volume of 14,073 shares, compared to its average volume of 12,452. The firm has a fifty day simple moving average of $25.32 and a two-hundred day simple moving average of $25.36. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 12-month low of $24.90 and a 12-month high of $25.74.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.