Trinity Capital Inc. to Issue Monthly Dividend of $0.17 (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) declared a monthly dividend on Wednesday, September 16th. Shareholders of record on Friday, November 13th will be given a dividend of 0.17 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Friday, November 13th.

Trinity Capital has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Down 1.1%

Trinity Capital stock opened at $17.60 on Thursday. The firm has a market capitalization of $1.67 billion, a PE ratio of 9.31 and a beta of 0.61. Trinity Capital has a 12-month low of $14.13 and a 12-month high of $18.90. The firm has a 50-day moving average price of $17.98 and a 200-day moving average price of $16.76.

Trinity Capital (NASDAQ:TRINGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The firm had revenue of $87.17 million during the quarter, compared to the consensus estimate of $91.44 million. As a group, sell-side analysts predict that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

About Trinity Capital

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Trinity Capital Inc is a specialty finance company that provides debt financing to venture capital-backed companies in the growth and expansion stages of their development. The company primarily serves businesses that may have limited access to traditional bank financing, offering capital designed to support product development, hiring, acquisitions, working capital and other corporate needs.

Trinity’s financing solutions include venture debt, equipment financing and other customized loans.

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Dividend History for Trinity Capital (NASDAQ:TRIN)

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