Trinity Capital Inc. (NASDAQ:TRIN) to Issue $0.51 Quarterly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors 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 yield of 12.63%. The ex-dividend date of this dividend is Monday, March 31st.

Trinity Capital has increased its dividend by an average of 17.4% per year over the last three years. Trinity Capital has a dividend payout ratio of 97.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Trading Up 1.2 %

NASDAQ TRIN opened at $16.15 on Friday. Trinity Capital has a one year low of $13.05 and a one year high of $16.82. The company’s 50 day moving average price is $15.57 and its 200 day moving average price is $14.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.44 and a beta of 0.54.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on TRIN shares. Wells Fargo & Company raised their price objective on Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised their price objective on 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.