Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Third Quarter of 2024
Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.51 per share for the third quarter of 2024.
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Rhea-AI Summary
Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.51 per share for the third quarter of 2024. This marks the 19th consecutive quarter of a consistent or increased dividend. The dividend will be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
Trinity Capital aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends to qualify as a regulated investment company. The company may also pay additional supplemental dividends or carry over excess taxable income for future dividend payments. Dividends are paid from taxable earnings and may include a return of capital and/or capital gains.
Positive
- Consistent dividend payment of $0.51 per share
- 19th consecutive quarter of consistent or increased dividend
- Commitment to distribute 90-100% of taxable income to shareholders
Negative
- None.
Details
News Market Reaction – TRIN
The recorded move for TRIN in the trading session of this news was +0.79%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
19th Consecutive Quarter of a Consistent or Increased Dividend
Summary of Third Quarter 2024 Dividend:
Declaration date | September 18, 2024 |
Record Date | September 30, 2024 |
Payment Date | October 15, 2024 |
The Company's objective is to distribute four quarterly dividends in an amount that approximates
Dividends are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the dividends will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.
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SOURCE Trinity Capital Inc.
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