#United States #Phoenix #Cash Dividend #Q4 2024 #Trinity Capital

Trinity Capital Inc. Announces $0.51 Cash Dividend for Q4 2024

On December 12, 2024, Trinity Capital Inc. (Nasdaq: TRIN), a prominent business development company focused on offering diversified financial solutions, unveiled its decision to declare a cash dividend of $0.51 per share for the fourth quarter of the year. This announcement signifies the company’s unwavering commitment to its investors, as it represents the 20th consecutive quarter in which the dividend has either remained consistent or been increased.

Dividend Details

The details surrounding the latest dividend are as follows:

• - Declaration Date: December 12, 2024
• - Record Date: December 31, 2024
• - Payment Date: January 15, 2025

The consistency of this dividend highlights Trinity's objective to distribute dividends that approximate between 90% and 100% of its taxable quarterly income. Such a strategy is designed to ensure that the company qualifies for favorable tax treatment as a regulated investment company under the Internal Revenue Code.

Strategic Financial Planning

Trinity Capital’s approach includes the potential for additional supplemental dividends throughout the year. This allows them not only to meet their immediate financial obligations to shareholders but also to consider carrying over excess taxable income into subsequent years for future distributions. The dividends will primarily stem from taxable earnings and could also encompass some elements of capital return or capital gains. Shareholders will receive a Form 1099-DIV after the fiscal year ends, outlining the specific tax implications of their dividends.

About Trinity Capital Inc.

Founded as an internally managed business development company, Trinity Capital focuses on providing a range of financial solutions targeted at growth-oriented firms. The company prides itself on its deep expertise in lending to companies in their growth stages, leveraging institutional equity investments. By diversifying its investment portfolio, which includes term loans and equipment financing, Trinity Capital aims not only to foster current income streams but also appreciates capital values, albeit to a lesser extent.

For those interested in a deeper understanding of Trinity's business model and financial outlook, further details can be found on their official website: www.trinitycap.com.

Looking Ahead

As we move into the new year, investors will look to Trinity's continued performance for further indications of financial stability and growth potential. Moreover, the company's dedication to maintaining or increasing its dividend reflects a strong underlying confidence in its business operations and future profitability.

This steadfast focus on providing shareholder returns encapsulates Trinity Capital's core value—facilitating growth for both their clients and investors alike in a competitive financial landscape. As always, forward-looking statements included in the company's announcements remind stakeholders to consider possible risks and uncertainties that could affect actual performance against expectations outlined in disclosures made to the Securities and Exchange Commission (SEC).

In conclusion, Trinity Capital has reaffirmed its commitment to its shareholders with the announcement of this dividend, underscoring the company's financial health and strategic planning capabilities as they continue to navigate the challenges and opportunities within the financial sector.