Trinity Capital Inc. (TRIN) To Go Ex-Dividend on March 31st

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 dividend on an annualized basis and a yield of 12.63%. The ex-dividend date of this dividend is Monday, March 31st.

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. Equities 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 Stock Performance

NASDAQ:TRIN opened at $16.15 on Friday. 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 fifty day moving average of $15.57 and a two-hundred day moving average of $14.62. The stock has a market capitalization of $1.01 billion, a PE ratio of 9.44 and a beta of 0.54. Trinity Capital has a fifty-two week low of $13.05 and a fifty-two week high of $16.82.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million during the quarter, compared to analysts’ expectations of $64.13 million. As a group, research analysts forecast that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TRIN has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th.

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.