TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Announces Quarterly Dividend of $0.23

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) declared a quarterly dividend on Friday, February 27th. Investors of record on Tuesday, March 17th will be given a dividend of 0.23 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 18.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

TriplePoint Venture Growth BDC has decreased its dividend by an average of 0.1%per year over the last three years. TriplePoint Venture Growth BDC has a payout ratio of 86.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect TriplePoint Venture Growth BDC to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 71.9%.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG opened at $5.11 on Friday. The firm’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $6.04. The company has a market capitalization of $206.70 million, a P/E ratio of 4.15 and a beta of 1.37. TriplePoint Venture Growth BDC has a 1-year low of $5.03 and a 1-year high of $7.53.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, March 4th. The investment management company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.42 million during the quarter, compared to analysts’ expectations of $23.78 million. TriplePoint Venture Growth BDC had a return on equity of 12.04% and a net margin of 54.12%. On average, equities analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.