Trinity Capital Inc. (NASDAQ:TRIN) Announces $0.17 Monthly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, December 17th. Investors of record on Friday, February 13th will be paid a dividend of 0.17 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Friday, February 13th.

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. Equities research 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

Shares of TRIN traded down $0.04 during trading hours on Thursday, reaching $15.17. 983,252 shares of the company’s stock traded hands, compared to its average volume of 702,079. Trinity Capital has a twelve month low of $12.50 and a twelve month high of $16.82. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.92 and a beta of 0.53. The business’s fifty day simple moving average is $14.84 and its two-hundred day simple moving average is $15.08.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. On average, equities research analysts expect that Trinity Capital will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRIN. Citigroup began coverage on Trinity Capital in a research report on Monday, December 8th. They set an “outperform” rating for the company. Loop Capital set a $17.00 price target on Trinity Capital in a research report on Thursday, December 11th. UBS Group lowered their price objective on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Capital One Financial set a $17.00 target price on Trinity Capital in a report on Thursday, December 11th. Finally, Citizens Jmp started coverage on Trinity Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $17.50 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.44.

About Trinity Capital

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.