Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Stock Price Up 0% – What’s Next?

Shares of Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) rose 0% during trading on Thursday . The company traded as high as $25.29 and last traded at $25.26. Approximately 12,156 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 14,238 shares. The stock had previously closed at $25.25.

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

The business’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $25.37.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were issued a $0.4922 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.97 dividend on an annualized basis and a 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.