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PHOENIX - Trinity Capital Inc. (NASDAQ:TRIN), an international alternative asset manager, has declared a quarterly cash dividend of $0.51 per share for the first quarter ending March 31, 2025. With a notable dividend yield of 12.7% and a market capitalization of $1 billion, according to InvestingPro data, this announcement sustains the firm’s track record, marking the 21st consecutive quarter of stable or increased dividends to its shareholders.
The declared dividend is consistent with the previous quarter’s distribution and aligns with Trinity Capital’s dividend policy. The company, which has demonstrated strong performance with a 25.5% total return over the past year according to InvestingPro, aims to pay out four quarterly dividends each year, totaling between 90% and 100% of its taxable quarterly income or potential annual income. This strategy is designed to meet the requirements for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. InvestingPro analysis reveals several key insights about Trinity Capital’s financial health, with additional ProTips available to subscribers.
Stockholders of record as of March 31, 2025, will be eligible for the dividend payment, which is scheduled for April 15, 2025. Dividends are disbursed from taxable earnings and may comprise a return of capital or capital gains. The specific tax characteristics of these dividends will be communicated to stockholders on Form 1099-DIV after the year’s end and documented in the company’s periodic reports to the Securities and Exchange Commission.
Trinity Capital, headquartered in Phoenix, Arizona, focuses on providing investors with stable returns by investing in privately funded growth-oriented companies. Trading at a P/E ratio of 7.3 and maintaining a "GOOD" overall financial health score according to InvestingPro, the firm operates with a global presence and a strategic team placed across various locations to manage a diversified portfolio generating annual revenue of $227 million. Detailed analysis and comprehensive insights are available in the Pro Research Report, offering investors deeper understanding of Trinity Capital’s market position and growth potential.
The information disclosed in this article is based on a press release statement from Trinity Capital Inc. The company has also noted that certain statements in the release might be "forward-looking" and involve risks and uncertainties. Trinity Capital has clarified that it does not have the obligation to update any forward-looking statements, and these statements are only valid as of the date of the press release. The company’s filings with the SEC, including its most recent annual report on Form 10-K, contain further details on potential risk factors and financial projections.
In other recent news, Trinity Capital Inc. reported strong financial results for the fourth quarter of 2024, surpassing market expectations. The company achieved earnings per share of $0.56, exceeding the forecasted $0.526, and reported revenue of $71 million, significantly higher than the projected $64.39 million. Trinity Capital’s net investment income per share was $0.58, underscoring robust financial performance. The company’s net asset value increased by 9% from the previous quarter, reaching $823 million. In addition, Trinity Capital expanded its lending platform to Europe by establishing a team in London, marking a strategic growth initiative. Keefe, Bruyette & Woods (KBW) recently raised Trinity Capital’s stock target to $16, maintaining a Market Perform rating, following the company’s net investment income exceeding expectations. The analyst noted that strong investment activity drove higher investment income, and the company experienced significant repayments and exits, including $16 million from equity and warrant exits. Looking ahead, Trinity Capital is expected to face a one-time negative impact of $0.27 per share due to the cost of extinguishing its convertible bonds in the first quarter of 2025.
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