Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Fourth Quarter of 2024

Trinity Capital Inc. (Nasdaq: TRIN), a leading provider of diversified financial solutions to growth-oriented companies, has announced a cash dividend of $0.51 per share for the fourth quarter of 2024. This declaration marks the company's 20th consecutive quarter of consistent or increased regular dividends, reflecting its strong financial performance and commitment to returning capital to shareholders.

The company's robust financial performance in 2024 has contributed significantly to its ability to declare a cash dividend. In the third quarter of 2024, Trinity Capital reported a record net investment income of $29.4 million, or $0.54 per share, and a net increase in net assets resulting from operations of $24.4 million, or $0.45 per share. These impressive results, coupled with a 33.2% year-over-year increase in total investment income to $61.8 million, demonstrate the company's ability to generate substantial investment income and distribute cash dividends to its shareholders.

Trinity Capital's investment income growth has played a significant role in its decision to distribute a cash dividend. The company's strong financial performance, driven by a 33% growth in total investment income, has allowed it to maintain a solid financial position while returning capital to shareholders. The company's consistent dividend policy and strong earnings growth position it well to continue delivering value to shareholders.

The historical trend of Trinity Capital Inc.'s dividend payouts reflects the company's commitment to returning capital to shareholders. From 2022 to 2024, the company's annualized forward dividend yield has varied, with a notable increase from 2.7% in 2022 to 3.5% in 2023, and a slight decrease to 3.3% in 2024. This change can be attributed to several factors, including earnings growth, a stable dividend payout ratio, and a consistent streak of dividend increases.

In conclusion, Trinity Capital Inc.'s declaration of a cash dividend of $0.51 per share for the fourth quarter of 2024 reflects the company's strong financial performance and commitment to returning capital to shareholders. The company's robust investment income growth, coupled with its consistent dividend policy and strong earnings growth, positions it well to continue delivering value to shareholders in the long term.