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

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders 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 dividend yield of 14.45%. The ex-dividend date of this dividend is Monday, September 30th.

Trinity Capital has a payout ratio of 98.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Stock Performance

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

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $54.64 million during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.58 EPS. On average, equities analysts forecast that Trinity Capital will post 2.08 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Kyle Steven Brown acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the acquisition, the chief executive officer now owns 975,298 shares in the company, valued at $13,800,466.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 5,597 shares of company stock valued at $78,913 over the last three months. Company insiders own 6.38% of the company’s stock.

About Trinity Capital

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.