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

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.51 per share on Tuesday, October 15th. This represents a $2.04 dividend on an annualized basis and a yield of 14.45%. The ex-dividend date of this dividend is Monday, September 30th.

Trinity Capital has a dividend payout ratio of 98.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Trinity Capital to earn $2.13 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 95.8%.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $14.12 on Friday. Trinity Capital has a 12-month low of $13.21 and a 12-month high of $15.44. The firm has a market cap of $753.58 million, a price-to-earnings ratio of 8.77 and a beta of 0.55. The company’s 50-day moving average is $14.15 and its two-hundred day moving average is $14.51. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. During the same period in the previous year, the company posted $0.58 EPS. Research analysts expect that Trinity Capital will post 2.08 EPS for the current year.

Insider Buying and Selling at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $14.15 per share, with a total value of $49,525.00. Following the transaction, the chief executive officer now owns 975,298 shares of the company’s stock, valued at approximately $13,800,466.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 5,597 shares of company stock worth $78,913 in the last quarter. 6.38% of the stock is owned by insiders.

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.