Trinity Capital Inc. Announces New Cash Dividend for Investors

Trinity Capital Inc. Announces Significant Cash Dividend

Trinity Capital Inc. (NASDAQ: TRIN), a distinguished provider of diversified financial solutions tailored for growth-stage companies, has recently made a notable announcement regarding its upcoming cash dividend. The Board of Directors has declared a cash dividend of $0.51 per share for the quarter ending September 30, 2024. This declaration reflects Trinity Capital’s unwavering commitment to maintaining or increasing dividends for its shareholders. This dividend is consistent with that of the previous quarter and marks the remarkable achievement of 19 consecutive quarters of consistent or increased dividends.

Dividend Declaration Details

The declaration of the cash dividend was made on September 18, 2024, with a payment date set for October 15, 2024. The record date for this dividend will be September 30, 2024. The company's steadfast approach to distributing dividends demonstrates its robust financial health and dedication to its investors.

Payment Schedule Overview

The disclosed timeline is crucial for shareholders to note, as it encapsulates the important dates that ensure they receive their dividend payments promptly. By adhering to this schedule, Trinity Capital emphasizes its operational efficiency and strong governance, promoting investor confidence.

Commitment to Shareholder Value

Trinity Capital aims to distribute four dividends each year, totaling approximately 90% to 100% of its taxable income, as part of its strategy to qualify for favorable tax treatment under the Internal Revenue Code of 1986. This approach helps the company maintain transparency and commitment toward its financial obligations. Trinity Capital's strategy may also include the distribution of supplemental dividends to ensure that it effectively allocates all annual taxable income to shareholders. This commitment solidifies the trust between the company and its investors while providing a clear financial pathway for future dividends.

Understanding Dividend Characteristics

Dividends distributed by Trinity Capital will come from taxable earnings and may consist of a return of capital or capital gains. The specific tax characteristics of these dividends will be communicated to shareholders on Form 1099-DIV at the end of the calendar year. This proactive measure ensures that all shareholders can accurately report their income and understand the nature of their dividends.

About Trinity Capital Inc.

As an internally managed business development company, Trinity Capital Inc. (NASDAQ: TRIN) focuses on providing innovative financial solutions to rapidly growing companies. The company’s investment goal centers around generating current income along with moderated capital appreciation with investments in term loans and equity-related participations.

A Strong Track Record in Lending

Trinity Capital stands out as one of a select group of specialty lenders known for its comprehensive expertise and proven success in financing growth-stage companies. With a focus on nurturing burgeoning businesses, Trinity Capital builds lasting relationships with institutional equity investors. The firm exemplifies a commitment to driving growth in the industries it invests in, highlighting its role in the broader financial ecosystem.

Frequently Asked Questions

What is the declared cash dividend per share by Trinity Capital Inc.?

The declared cash dividend is $0.51 per share for the third quarter of 2024.

When was the dividend declaration made?

The dividend declaration date was September 18, 2024.

What are the record and payment dates for the dividend?

The record date is September 30, 2024, and the payment date is October 15, 2024.

How does Trinity Capital determine its dividend payments?

Trinity Capital aims to distribute approximately 90% to 100% of its taxable income across four quarterly dividends each year.

What is the investment focus of Trinity Capital?

Trinity Capital focuses on providing financial solutions to growth-stage companies through various forms of investment, including term loans and equity-related financing.

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