TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Declares Quarterly Dividend of $0.23

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.23 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Tuesday, June 16th.

TriplePoint Venture Growth BDC has decreased its dividend payment by an average of 0.1%per year 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 tumble. 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

Shares of TPVG stock opened at $5.59 on Friday. TriplePoint Venture Growth BDC has a 1 year low of $4.48 and a 1 year high of $7.50. The firm has a fifty day moving average price of $5.47 and a 200-day moving average price of $5.77. The company has a market cap of $226.79 million, a price-to-earnings ratio of 5.27 and a beta of 1.27.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). TriplePoint Venture Growth BDC had a net margin of 46.77% and a return on equity of 11.54%. The business had revenue of $19.81 million for the quarter, compared to the consensus estimate of $23.14 million. Equities research analysts expect that TriplePoint Venture Growth BDC will post 0.95 EPS for the current year.

About TriplePoint Venture Growth BDC

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.