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

Shares of Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) fell 0.2% during trading on Friday . The stock traded as low as $25.33 and last traded at $25.40. 16,670 shares traded hands during trading, an increase of 64% from the average session volume of 10,139 shares. The stock had previously closed at $25.44.

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

The business has a 50 day moving average price of $25.43 and a 200 day moving average price of $25.42.

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

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