Triangle Capital Corp. (TCAP) Declares Quarterly Dividend of $0.59
Triangle Capital Corp. (NASDAQ:TCAP) declared a quarterly dividend on Wednesday, August 27th, Stock Ratings News reports. Stockholders of record on Wednesday, September 10th will be given a dividend of 0.59 per share on Wednesday, September 24th. This represents a $2.36 dividend on an annualized basis and a yield of 8.69%.
On a related note, analysts at Raymond James upgraded shares of Triangle Capital Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $30.00 price target on the stock.
Shares of Triangle Capital Corp. (NASDAQ:TCAP) opened at 27.17 on Wednesday. Triangle Capital Corp. has a one year low of $24.68 and a one year high of $30.42. The stock has a 50-day moving average of $27.2 and a 200-day moving average of $26.78. The company has a market cap of $875.9 million and a price-to-earnings ratio of 9.74.
Triangle Capital Corp. (NASDAQ:TCAP) last posted its earnings data on Thursday, August 7th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. During the same quarter last year, the company posted $0.59 earnings per share. On average, analysts predict that Triangle Capital Corp. will post $2.19 earnings per share for the current fiscal year.
Triangle Capital Corporation is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States.
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