Fri Sep 20 13:07:30 UTC 2024: ## Trinity Capital Declares Quarterly Dividend of $0.51 Per Share

**Phoenix, Arizona, September 20, 2024** – Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend of $0.51 per share, payable on October 15th to shareholders of record as of September 30th. This represents an annualized dividend of $2.04 and a yield of 14.45%.

The company’s payout ratio stands at 98.6%, indicating that the dividend is currently covered by earnings. Analysts predict Trinity Capital will earn $2.13 per share next year, suggesting the company will continue to cover its dividend with an expected future payout ratio of 95.8%.

Trinity Capital’s stock opened at $14.12 on Friday, with a market capitalization of $753.58 million. The company boasts a price-to-earnings ratio of 8.77 and a beta of 0.55.

In recent news, CEO Kyle Steven Brown acquired 3,500 shares of Trinity Capital stock on August 13th at an average price of $14.15 per share, totaling $49,525.00. This acquisition brings his total ownership to 975,298 shares, valued at approximately $13,800,466.70.

Trinity Capital Inc. is a business development company specializing in venture debt financing for growth-stage companies. Founded in 2019, the company is headquartered in Phoenix, Arizona, with additional offices across the United States.

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