TRIN - Trinity Capital: The 14% Yield Looks Sustainable In 2024

2024-06-17 01:56:25 ET

Summary

• Trinity Capital Inc. is increasing its dividend by $0.01 per share per quarter, making it attractive for passive income investors seeking growth.
• The BDC covers its dividend with net investment income, with potential for continued dividend growth due to stable interest rates.
• Trinity Capital's stock is selling at a premium to net asset value, indicating investor confidence in the company's ability to maintain its dividend.

Trinity Capital Inc. ( TRIN ) is growing its dividend by $0.01 per share per quarter, which makes the business development company particularly attractive for passive income investors that value both a high dividend yield as well as prospects for growth in the underlying dividend....

For further details see: