Trinity Capital: This 13% Yield Is Safer Than It Looks [Seeking Alpha]
Trinity Capital Inc. (TRIN)
US:NASDAQ Investor Relations:
lanb.com/home/about-us/news/2017/09/15/trinity-capital-corporation-commences-trading-on-otcqx-and-announces-dtc-eligibility
Company Research
Source: Seeking Alpha
The BDC is well-positioned to profit from the latest inflation update, indicating that inflation is not receding. Trinity Capital has the potential to continue raising its dividend in 2023 and return excess portfolio income to shareholders. Trinity Capital ( NASDAQ: TRIN is a well-managed BDC that despite net realized losses in 2023 enjoyed substantial portfolio growth in the last year. The BDC also out-earned its dividend with net investment income as well as fully earned its special dividends paid last year. Trinity Capital is floating-rate positioned BDC, meaning the BDC should profit from the latest inflation update which showed that inflation is not substantially receding. I think that Trinity Capital has potential to keep raising its dividend in 2023 and return excess portfolio income to shareholders. With a covered 13% yield, I think the premium valuation is deserved. My Rating History After I completed my due diligence last year I acquired Trinity Capital's stock
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TRIN
News
- Trinity Capital Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Trinity Capital Inc. Reports First Quarter 2024 Financial ResultsPR Newswire
- Trinity Capital: Record Quarter, But Still Not Good Enough [Seeking Alpha]Seeking Alpha
- TechCrunch Fintech: Meet PayJoy, a fintech operating at the intersection of doing good and making money [TechCrunch]TechCrunch
- Trinity Capital Inc. Provides Details for First Quarter 2024 Financial Results and Conference Call [Yahoo! Finance]Yahoo! Finance
TRIN
Earnings
- 5/1/24 - Miss
TRIN
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- TRIN's page on the SEC website