TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders 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) annualized dividend and a 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%annually 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 Stock Up 1.2%
Shares of TPVG stock opened at $5.59 on Friday. The stock has a market cap of $226.79 million, a P/E ratio of 5.27 and a beta of 1.27. TriplePoint Venture Growth BDC has a 52 week low of $4.48 and a 52 week high of $7.50. The company’s fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $5.77.
Analyst Ratings Changes
Several analysts have commented on TPVG shares. Wells Fargo & Company decreased their price target on shares of TriplePoint Venture Growth BDC from $5.50 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.50 and set a “market perform” rating on the stock in a research report on Thursday, March 5th. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Piper Sandler decreased their target price on shares of TriplePoint Venture Growth BDC from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.63.
Read Our Latest Stock Analysis on TPVG
TriplePoint Venture Growth BDC Company Profile
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.
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