Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) announced a monthly dividend on Wednesday, September 16th. Investors of record on Friday, November 13th will be given a dividend of $0.17 per share on Monday, November 30th. This represents a $2.04 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Friday, November 13th.
Trinity Capital has a 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. Research 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
Shares of NASDAQ:TRIN opened at $17.99 on Wednesday. The firm has a market cap of $1.78 billion, a PE ratio of 9.52 and a beta of 0.66. The firm’s fifty day moving average is $17.37 and its 200-day moving average is $16.74. Trinity Capital has a 52 week low of $14.13 and a 52 week high of $18.90.
Trinity Capital Company Profile
Trinity Capital Inc. is a specialty finance company and business development company that provides debt financing to growth-stage businesses, particularly companies backed by venture capital. It focuses on businesses that may need capital to expand but have limited access to traditional bank financing. The company offers financing solutions including venture debt, equipment loans and leases, and other forms of growth capital. Its borrowers operate in sectors such as technology, life sciences, healthcare, and other innovation-focused industries.
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