Trinity Capital Inc. Announces Quarterly Dividend of $0.51 (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, December 17th. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.51 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Thursday, January 15th.

Trinity Capital has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Trinity Capital to earn $2.11 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 96.7%.

Trinity Capital Price Performance

Trinity Capital stock traded down $0.04 during midday trading on Thursday, hitting $15.18. The company’s stock had a trading volume of 873,917 shares, compared to its average volume of 701,688. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 6.93 and a beta of 0.53. Trinity Capital has a 1-year low of $12.50 and a 1-year high of $16.82. The company has a 50-day moving average price of $14.84 and a two-hundred day moving average price of $15.08.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $75.55 million during the quarter, compared to analysts’ expectations of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. Sell-side analysts forecast that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.