Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Trading Up 0.4% – Still a Buy?

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) shot up 0.4% during mid-day trading on Wednesday . The stock traded as high as $25.09 and last traded at $25.05. 7,553 shares traded hands during trading, a decline of 47% from the average session volume of 14,304 shares. The stock had previously closed at $24.95.

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

The firm’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $25.37.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Sunday, March 15th were paid a $0.4922 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.97 annualized dividend and a dividend yield of 7.9%.

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.