Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) declared a monthly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.17 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Thursday, October 15th.
Trinity Capital has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Up 2.4%
NASDAQ:TRIN opened at $18.02 on Friday. Trinity Capital has a twelve month low of $14.13 and a twelve month high of $18.90. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 9.54 and a beta of 0.61. The stock has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $16.78.
Trinity Capital Company Profile
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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