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PHOENIX - Trinity Capital Inc. (NASDAQ:TRIN) announced Wednesday that its Board of Directors has declared a cash dividend of $0.51 per share for the quarter ending June 30, 2025, maintaining the same dividend amount as the previous quarter. The company currently offers a substantial 14.24% dividend yield, according to InvestingPro data.
This marks the 22nd consecutive quarter that the alternative asset manager has maintained or increased its dividend payout to shareholders, according to a company press release statement.
The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025.
Trinity Capital aims to distribute quarterly dividends that approximate 90% to 100% of its taxable quarterly income to qualify as a regulated investment company under the Internal Revenue Code. The company may also pay additional supplemental dividends to distribute approximately all annual taxable income in the year earned or carry excess taxable income into the following year. With revenue growth of 30.65% in the last twelve months and an overall "GREAT" financial health score according to InvestingPro, the company maintains strong fundamentals despite some concerns about short-term liquidity.
The dividend payments may include a return of capital and/or capital gains, with specific tax characteristics to be reported to stockholders on Form 1099-DIV after the calendar year ends.
Trinity Capital, headquartered in Phoenix, operates five business segments: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. The company structures investments for growth-oriented companies across the United States and has an office in London.
In other recent news, Trinity Capital Inc. reported its Q1 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of $0.43, below the projected $0.52, and recorded revenue of $65.4 million, which missed the forecasted $67.46 million. Despite these misses, Trinity Capital achieved a 30% year-over-year increase in total investment income, reaching $65 million. Additionally, the company received an investment-grade rating from Moody’s, highlighting its strong performance record and robust capitalization. In another development, Trinity Capital held its Annual Meeting of Stockholders, where two directors were re-elected, and Ernst & Young LLP was ratified as the independent auditor for the fiscal year. The company also disclosed a decrease in its Net Asset Value per share from $13.35 to $13.05. Furthermore, Trinity Capital’s first quarter saw a strong net investment income of $32.4 million, covering 102% of its quarterly distribution.
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