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

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 paid a dividend of 0.51 per share on Tuesday, April 15th. This represents a $2.04 annualized dividend and a dividend yield of 12.78%.

Trinity Capital has raised its dividend payment by an average of 17.4% annually 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 fall. 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 Trading Down 0.7 %

Shares of Trinity Capital stock opened at $15.96 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a fifty day moving average price of $15.53 and a 200 day moving average price of $14.61. Trinity Capital has a 1 year low of $13.05 and a 1 year high of $16.82. The stock has a market cap of $1.00 billion, a PE ratio of 9.33 and a beta of 0.54.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results 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 firm had revenue of $70.83 million during the quarter, compared to analysts’ expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. Equities research analysts predict that Trinity Capital will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on TRIN shares. Wells Fargo & Company raised their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods raised their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company 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.