Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
29 January 2021Website:
http://www.trincapinvestment.comNext earnings report:
07 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
after hours | 21 min agoAnalysts recommendations
Institutional Ownership
TRIN Latest News
PHOENIX , June 28, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.51 per share, payable on July 15, 2024 to stockholders of record as of June 28, 2024. The ex-dividend date for such dividend was June 28, 2024.
Trinity Capital Inc. is increasing its dividend by $0.01 per share per quarter, making it attractive for passive income investors seeking growth. The BDC covers its dividend with net investment income, with potential for continued dividend growth due to stable interest rates. Trinity Capital's stock is selling at a premium to net asset value, indicating investor confidence in the company's ability to maintain its dividend.
18th Consecutive Quarter of a Consistent or Increased Dividend PHOENIX , June 13, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on June 13, 2024, its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending June 30, 2024. This dividend is consistent with the regular dividend declared in the prior quarter and represents the 18th consecutive quarter of a consistent or increased dividend since Trinity's January 2021 initial public offering.
Liquidation of shares results in a return of 17.7% on the initial investment PHOENIX , June 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, announced today that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific (CORZ) ("Core") that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021.
PHOENIX , June 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to restor3d, a 3D printing, patient specific medical device company. restor3d enhances patient care and meets surgeons' needs by providing solutions tailored to patients' unique anatomies, enabling precise repair, reconstruction, and restoration.
Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN) SAN FRANCISCO , May 30, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc . ("Trinity"), today announced that it has provided a $63 million warehouse facility to Denim , a technology-forward factoring partner for freight brokers.
Appoints Craig Fox to Lead New Venture PHOENIX , May 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its strategic expansion into Europe with the appointment of London-based Craig Fox as Managing Director. This initiative aligns with the Company's long-term vision of supporting high-growth companies globally.
Metabolon, Inc., a global leader in metabolomics solutions for life science research, diagnostics, therapeutics, and precision medicine, has secured a new $60 million credit facility.
Trinity Capital Inc. has committed $60 million in growth capital to Metabolon, a global leader in metabolomics solutions for various life science applications. Metabolon uses scientific and technological techniques to measure factors like health, disease, nutrition, microbiome, medication, and environmental exposure to address questions about health and disease.
Trinity Capital recently raised its quarterly dividend by 2%, resulting in a 13.8% dividend yield. The company has consistently increased its dividend for 13 quarters in a row and is currently covering the payout by 106%. TRIN maintains a reasonable debt-to-equity ratio and continues to exhibit strong underwriting quality.
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What type of business is 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 Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
What sector is Trinity Capital in?
Trinity Capital is in the Financial Services sector
What industry is Trinity Capital in?
Trinity Capital is in the Credit Services industry
What country is Trinity Capital from?
Trinity Capital is headquartered in United States
When did Trinity Capital go public?
Trinity Capital initial public offering (IPO) was on 29 January 2021
What is Trinity Capital website?
https://www.trincapinvestment.com
Is Trinity Capital in the S&P 500?
No, Trinity Capital is not included in the S&P 500 index
Is Trinity Capital in the NASDAQ 100?
No, Trinity Capital is not included in the NASDAQ 100 index
Is Trinity Capital in the Dow Jones?
No, Trinity Capital is not included in the Dow Jones index
When does Trinity Capital report earnings?
The next expected earnings date for Trinity Capital is 07 August 2024