Trinity Capital: A 13% Venture-Backed Dividend Yield

Pacifica Yield
12.43K Followers
(6min)

Summary

  • Trinity Capital maintains a stable 13.8% dividend yield with a 3-year CAGR of 8.4%, supported by strong NAV growth and earnings spillover.
  • TRIN's NAV per share increased sequentially, driven by net investment income and realized gains. Net investment income provided 114% dividend coverage.
  • Trading at a 10.7% premium to NAV, there is downside risk amid recession fears, but the BDC's portfolio is well-diversified with a focus on secured loans.

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Trinity Capital (TRIN) last declared a quarterly base cash dividend of $0.51 per share, unchanged from its prior distribution and $2.04 per share annualized for a 13.8% dividend yield. While the BDC's dividend distribution chart

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