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

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.51 per share on Tuesday, April 15th. This represents a $2.04 dividend on an annualized basis and a yield of 12.64%. The ex-dividend date is Monday, March 31st.

Trinity Capital has raised its dividend by an average of 17.4% annually over the last three years. Trinity Capital has a dividend payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. 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 Stock Performance

TRIN traded down $0.01 during midday trading on Friday, reaching $16.14. The company had a trading volume of 854,071 shares, compared to its average volume of 500,613. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $15.61 and a two-hundred day moving average of $14.64. The company has a market cap of $1.01 billion, a P/E ratio of 9.44 and a beta of 0.54. Trinity Capital has a 1 year low of $13.05 and a 1 year high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $70.83 million during the quarter, compared to analysts' expectations of $64.13 million. As a group, equities research analysts predict that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

TRIN has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased their target price on Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th.

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.