Trinity Capital Inc. (TRIN) to Issue Quarterly Dividend of $0.51 on April 15th

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.51 per share on Tuesday, April 15th. This represents a $2.04 annualized dividend and a dividend yield of 12.89%. The ex-dividend date of this dividend is Monday, March 31st.

Trinity Capital has increased its dividend payment by an average of 17.4% per year over the last three years. Trinity Capital has a 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. 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 Stock Performance

Shares of TRIN opened at $15.83 on Friday. Trinity Capital has a 1 year low of $13.05 and a 1 year high of $16.82. The company’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $14.70. The company has a market capitalization of $994.61 million, a price-to-earnings ratio of 9.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. On average, sell-side analysts predict that Trinity Capital will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

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