Business
Trinity Capital Inc. Increases Cash Dividend to $0.51 per Share for the First Quarter of 2024
13th Consecutive Quarter of a Dividend Increase PHOENIX, March 14, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the
About this update from Trinity Capital Inc.
[{"type":"text","content":"13th Consecutive Quarter of a Dividend Increase \nPHOENIX, March 14, 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 March 14, 2024, its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending March 31, 2024. This dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter.\n\n \n \n \n \n \n \n\n \nSummary of First Quarter 2024 Dividend:\nDeclaration date\nMarch 14, 2024\nRecord Date\nMarch 28, 2024\nPayment Date\nApril 15, 2024\nThe Company's objective is to distribute four quarterly dividends in an amount that approximates 90% to 100% of its taxable quarterly income or potential annual income for a particular year in order to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. In addition, during any particular year, the Company may pay additional supplemental dividends, so that the Company distributes approximately all its annual taxable income in the year it was earned, or it may spill over the excess taxable income into the coming year for future dividend payments.\nDividends 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.\nAbout Trinity Capital Inc.\nTrinity 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.\nForward-Looking Statements\nThis press release may contain \"forwa...