TriplePoint Venture Growth BDC Corp (TPVG) Plans Quarterly Dividend of $0.32
TriplePoint Venture Growth BDC Corp (NASDAQ:TPVG) declared a quarterly dividend on Monday, August 11th, Analyst Ratings Net reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.32 per share on Tuesday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 8.45%.
Shares of TriplePoint Venture Growth BDC Corp (NASDAQ:TPVG) traded down 0.33% during mid-day trading on Monday, hitting $15.10. 6,125 shares of the company’s stock traded hands. TriplePoint Venture Growth BDC Corp has a one year low of $13.88 and a one year high of $16.72. The stock has a 50-day moving average of $15.62 and a 200-day moving average of $15.58.
TriplePoint Venture Growth BDC Corp (NASDAQ:TPVG) last announced its earnings results on Tuesday, May 13th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. On average, analysts predict that TriplePoint Venture Growth BDC Corp will post $1.32 earnings per share for the current fiscal year.
TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending to venture growth stage companies focused in technology, life sciences and other high growth industries backed by its TriplePoint Capital LLC (NASDAQ:TPVG) select group of venture capital investors.
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