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

Trinity Capital Inc. (NASDAQ:TRIN) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.78%.

Trinity Capital has raised its dividend by an average of 17.4% annually over the last three years. Trinity Capital has a payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

Shares of NASDAQ TRIN traded down $0.11 during mid-day trading on Wednesday, hitting $15.96. The stock had a trading volume of 451,542 shares, compared to its average volume of 502,813. 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 company has a 50 day moving average of $15.50 and a two-hundred day moving average of $14.60. Trinity Capital has a twelve month low of $13.05 and a twelve month high of $16.82. The firm 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 released its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to the consensus estimate of $64.13 million. Research analysts predict that Trinity Capital will post 2.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on 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 upped their target price on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th.

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.