Trinity Capital Inc. (TRIN) to Issue Monthly Dividend of $0.17 on May 29th

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, March 18th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.17 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Friday, May 15th.

Trinity Capital has a dividend payout ratio of 100.0% 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 $2.12 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

NASDAQ TRIN opened at $16.92 on Wednesday. The business has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $15.34. Trinity Capital has a 52-week low of $13.76 and a 52-week high of $17.38. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 8.95 and a beta of 0.63.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $51.37 million during the quarter, compared to analysts’ expectations of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. On average, analysts predict that Trinity Capital will post 2.1 EPS for the current year.

Analysts Set New Price Targets

TRIN has been the subject of a number of research analyst reports. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. Clear Str upgraded Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods lifted their price objective 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. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Wells Fargo & Company lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trinity Capital presently 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.