Trinity Capital Reports $0.51 Cash Dividend for Shareholders

Trinity Capital Inc. Declares Cash Dividend for Q4 2024

In a significant announcement, Trinity Capital Inc. (NASDAQ: TRIN) reported a cash dividend of $0.51 per share for the fourth quarter of 2024. This dividend reflects a consistent approach to rewarding shareholders, marking the 20th consecutive quarter in which Trinity has either maintained or increased its dividend payouts. The company's dedication to providing value to its investors is evident in this steady performance.

Details of the Dividend Declaration

The Board of Directors of Trinity Capital made its decision known on December 12, 2024. This cash dividend will be applicable for the quarter ending December 31, 2024, ensuring that shareholders are rewarded for their support and patience. Furthermore, this dividend mirrors what was paid in the third quarter of 2024, showcasing the company’s commitment to consistency.

Key Dates for Shareholders

Understanding the timeline for dividend payouts is crucial for shareholders. The declaration date was noted as December 12, 2024, while the record date, which determines the shareholders eligible for the dividend, is set for December 31, 2024. The payment date for this dividend is scheduled for January 15, 2025.

Trinity Capital's Dividend Strategy

Trinity Capital aims to distribute quarterly dividends that amount to approximately 90% to 100% of its taxable quarterly income, adhering to regulations as a regulated investment company under the applicable tax codes. This strategy indicates a robust approach to managing earnings and ensuring shareholder returns. The company is also eligible for additional supplemental dividends throughout the year, further emphasizing its commitment to distributing its taxable income efficiently.

Understanding Dividend Types

It’s important for investors to realize that dividends can come from taxable earnings and may encompass returns of capital or capital gains. Shareholders will receive Form 1099-DIV at the year’s end, detailing the particular tax characteristics of the dividends they received. This transparency is vital for investors as they plan their tax obligations and investment portfolios.

About Trinity Capital Inc.

Trinity Capital Inc. (NASDAQ: TRIN) operates as an internally managed business development organization, providing diversified financial solutions to growth-oriented companies. With an investment philosophy focusing on generating current income alongside capital appreciation, the company’s activities include a range of financing solutions such as term loans, equipment financing, and equity-related investments. Trinity Capital distinguishes itself as a premier lender with extensive experience in supporting growth-stage companies.

Frequently Asked Questions

What is the cash dividend declared by Trinity Capital for Q4 2024?

Trinity Capital has declared a cash dividend of $0.51 per share for the fourth quarter of 2024.

How many consecutive quarters has Trinity Capital paid dividends?

This announcement marks the 20th consecutive quarter in which Trinity Capital has maintained or increased its dividends.

When will the dividend be paid?

The payment date for the declared dividend is January 15, 2025.

What percentage of taxable income does Trinity aim to distribute as dividends?

Trinity Capital aims to distribute approximately 90% to 100% of its taxable quarterly income as dividends.

What types of financial solutions does Trinity Capital offer?

The company provides diversified financial solutions, including term loans, equipment financing, and equity-related investments to growth-oriented companies.

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