Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,307 shares, a growth of 87.0% from the June 15th total of 4,977 shares. Based on an average trading volume of 9,645 shares, the short-interest ratio is presently 1.0 days.
Trinity Capital Inc. – 7.875% Notes Due 2029 Trading Down 0.1%
NASDAQ:TRINI opened at $25.23 on Friday. The firm’s 50 day simple moving average is $25.30 and its 200 day simple moving average is $25.31. Trinity Capital Inc. – 7.875% Notes Due 2029 has a one year low of $24.90 and a one year high of $25.74.
Trinity Capital Inc. – 7.875% Notes Due 2029 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.4922 per share. The ex-dividend date was Monday, June 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.8%.
Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.
Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.
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