TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Announces $0.06 Quarterly Dividend

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, December 16th will be given a dividend of 0.06 per share by the investment management company on Wednesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, December 16th.

TriplePoint Venture Growth BDC has decreased its dividend by an average of 0.1%annually over the last three years. TriplePoint Venture Growth BDC has a payout ratio of 86.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect TriplePoint Venture Growth BDC to earn $0.84 per share next year, which means the company may not be able to cover its $0.92 annual dividend with an expected future payout ratio of 109.5%.

TriplePoint Venture Growth BDC Price Performance

TPVG traded up $0.30 on Thursday, hitting $4.92. 49,037 shares of the stock were exchanged, compared to its average volume of 372,797. The firm has a market capitalization of $199.63 million, a price-to-earnings ratio of 4.63 and a beta of 1.28. TriplePoint Venture Growth BDC has a 12 month low of $4.39 and a 12 month high of $6.95. The business has a 50-day moving average of $4.93 and a two-hundred day moving average of $5.30.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, August 5th. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 46.77% and a return on equity of 11.54%. The firm had revenue of $24.48 million during the quarter, compared to the consensus estimate of $22.88 million. Equities research analysts expect that TriplePoint Venture Growth BDC will post 0.95 earnings per share for the current fiscal year.

Key Stories Impacting TriplePoint Venture Growth BDC

Here are the key news stories impacting TriplePoint Venture Growth BDC this week:

• Positive Sentiment: TPVG funded $47.8 million of debt investments across 10 portfolio companies and established a quarterly funding target of approximately $25 million to $50 million, indicating continued deployment capacity. TPVG funding target and supplemental dividend
• Positive Sentiment: The company reported net investment income of $8.3 million, or $0.21 per share, total investment and other income of $22.1 million, and a $10.7 million net increase in net assets. A $12.8 million realized gain from selling Revolut shares also benefited results. TPVG second-quarter results
• Positive Sentiment: TPVG declared a $0.23-per-share third-quarter regular distribution plus $0.12 in supplemental distributions. A separate dividend notice reported a $0.06-per-share payment scheduled for December 30, with a stated yield of about 5.1%, although the differing amounts warrant investor review. TPVG second-quarter financial results announcement
• Positive Sentiment: Net asset value was $8.67 per share at June 30, substantially above the stock’s recent trading level near $4.91. The board also authorized a stock-repurchase program of up to $12.5 million, potentially supporting the shares. TPVG NAV and repurchase authorization
• Neutral Sentiment: Liquidity totaled $119.8 million, while gross and net leverage were 1.26x and 1.22x, respectively, suggesting manageable but material balance-sheet leverage.
• Negative Sentiment: Second-quarter EPS of $0.21 missed the $0.24 consensus estimate and declined from $0.28 a year earlier. Revenue of $24.48 million exceeded the $22.88 million estimate, but the earnings shortfall is likely weighing on sentiment. TPVG earnings estimate miss

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.