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

Trinity Capital Inc. (NASDAQ:TRIN) announced 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 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 decline. 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 Down 0.7 %

Shares of Trinity Capital stock opened at $15.96 on Thursday. The stock has a market cap of $1.00 billion, a P/E ratio of 9.33 and a beta of 0.54. The stock’s 50 day simple moving average is $15.53 and its 200-day simple moving average is $14.61. Trinity Capital has a 1-year low of $13.05 and a 1-year high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TRIN shares. Wells Fargo & Company boosted 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 boosted 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.