TriplePoint Venture Growth BDC Corp. (TPVG) to Distribute Quarterly Dividend of $0.29 on September 30th

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.29 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 22.5%. The ex-dividend date of this dividend is Wednesday, September 16th. This is a 26.1% increase from TriplePoint Venture Growth BDC’s previous quarterly dividend of $0.23.

TriplePoint Venture Growth BDC has decreased its dividend payment by an average of 0.1%per year over the last three years. TriplePoint Venture Growth BDC has a dividend 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 fall. Equities analysts expect TriplePoint Venture Growth BDC to earn $0.82 per share next year, which means the company may not be able to cover its $0.92 annual dividend with an expected future payout ratio of 112.2%.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE TPVG opened at $5.17 on Monday. The company has a market capitalization of $210.27 million, a price-to-earnings ratio of 5.22 and a beta of 1.31. TriplePoint Venture Growth BDC has a 1 year low of $4.39 and a 1 year high of $6.95. The business has a 50-day moving average of $5.01 and a two-hundred day moving average of $5.18.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, August 5th. The investment management company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. TriplePoint Venture Growth BDC had a net margin of 44.58% and a return on equity of 10.68%. The company had revenue of $24.48 million for the quarter, compared to analysts’ expectations of $22.88 million. As a group, equities research analysts expect that TriplePoint Venture Growth BDC will post 0.94 earnings per share for the current year.

About TriplePoint Venture Growth BDC

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.