Trinity Capital Inc. (NASDAQ:TRIN) Announces $0.51 Quarterly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.51 per share on Tuesday, April 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.78%.

Trinity Capital has increased its dividend by an average of 17.4% annually over the last three years. Trinity Capital has a payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 0.7 %

Shares of NASDAQ TRIN traded down $0.11 during trading hours on Wednesday, reaching $15.96. The stock had a trading volume of 451,542 shares, compared to its average volume of 502,813. The business’s fifty day moving average price is $15.50 and its two-hundred day moving average price is $14.60. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 9.33 and a beta of 0.54. Trinity Capital has a 52-week low of $13.05 and a 52-week high of $16.82.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $70.83 million during the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. Analysts expect that Trinity Capital will post 2.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TRIN has been the subject of a number of analyst reports. Wells Fargo & Company upped their target price on Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their target price on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th.

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.