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

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Thursday, June 13th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.51 per share on Monday, July 15th. This represents a $2.04 annualized dividend and a yield of 13.98%. The ex-dividend date is Friday, June 28th.

Trinity Capital has a dividend payout ratio of 98.1% indicating that 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 $2.17 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 94.0%.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN traded down $0.01 during midday trading on Wednesday, hitting $14.59. 130,443 shares of the company’s stock were exchanged, compared to its average volume of 466,209. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $721.91 million, a PE ratio of 9.05 and a beta of 0.57. Trinity Capital has a 12 month low of $13.15 and a 12 month high of $15.44. The company’s 50 day moving average price is $14.83 and its 200 day moving average price is $14.64.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. The company had revenue of $50.45 million for the quarter, compared to the consensus estimate of $50.09 million. During the same period last year, the firm earned $0.52 earnings per share. As a group, analysts predict that Trinity Capital will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRIN. B. Riley decreased their price target on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. UBS Group increased their target price on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

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.