Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Shares Down 0.2% – Should You Sell?

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) shares dropped 0.2% during mid-day trading on Friday . The company traded as low as $25.21 and last traded at $25.1810. Approximately 1,489 shares changed hands during trading, a decline of 88% from the average session volume of 12,256 shares. The stock had previously closed at $25.24.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

The company’s 50-day moving average is $25.31 and its two-hundred day moving average is $25.31.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.4922 per share. The ex-dividend date was Monday, June 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.