Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Shares Down 0.2% – Here’s Why

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI)’s share price dropped 0.2% on Friday . The stock traded as low as $25.33 and last traded at $25.40. Approximately 16,670 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 10,139 shares. The stock had previously closed at $25.44.

Trinity Capital Inc. – 7.875% Notes Due 2029 Trading Down 0.2%

The stock has a fifty day simple moving average of $25.43 and a two-hundred day simple moving average of $25.42.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $0.4922 per share. The ex-dividend date was Monday, December 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.8%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.