Trinity Capital Inc. (TRIN) to Issue Monthly Dividend of $0.17 on July 31st

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.17 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

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 tumble. Research analysts expect Trinity Capital to earn $2.12 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 96.2%.

Trinity Capital Stock Performance

Trinity Capital stock opened at $16.83 on Friday. Trinity Capital has a 1 year low of $13.76 and a 1 year high of $17.38. The firm has a 50 day moving average price of $16.51 and a 200 day moving average price of $15.74. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 8.90 and a beta of 0.62.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The company had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Sell-side analysts predict that Trinity Capital will post 2.1 EPS for the current year.

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. acquired a new position in Trinity Capital during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in Trinity Capital in the fourth quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Trinity Capital during the first quarter valued at approximately $37,000. Fifth Third Bancorp purchased a new stake in shares of Trinity Capital during the first quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Trinity Capital during the second quarter worth $54,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.