Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Plans Quarterly Dividend of $0.49

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) announced a quarterly dividend on Friday, January 1st. Investors of record on Sunday, March 15th will be given a dividend of 0.4922 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, March 13th.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

NASDAQ TRINI remained flat at $25.46 on Wednesday. 9,524 shares of the company’s stock were exchanged, compared to its average volume of 13,032. Trinity Capital Inc. – 7.875% Notes Due 2029 has a twelve month low of $24.66 and a twelve month high of $25.74. The stock has a 50 day moving average price of $25.43 and a 200-day moving average price of $25.42.

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.