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

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Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.51 per share for the third quarter of 2024. This marks the 19th consecutive quarter of a consistent or increased dividend. The dividend will be paid on October 15, 2024, to shareholders of record as of September 30, 2024.

Trinity Capital aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends to qualify as a regulated investment company. The company may also pay additional supplemental dividends or carry over excess taxable income for future dividend payments. Dividends are paid from taxable earnings and may include a return of capital and/or capital gains.

Trinity Capital Inc. (Nasdaq: TRIN) ha dichiarato un dividendo in contante di $0.51 per azione per il terzo trimestre del 2024. Questo segna il 19° trimestre consecutivo di un dividendo costante o aumentato. Il dividendo sarà pagato il 15 ottobre 2024 agli azionisti registrati al 30 settembre 2024.

Trinity Capital punta a distribuire tra il 90% e il 100% del suo reddito imponibile trimestrale attraverso quattro dividendi trimestrali per qualificarsi come compagnia di investimento regolamentata. L'azienda potrebbe anche pagare dividendi supplementari aggiuntivi o portare oltre il reddito imponibile in eccesso per i pagamenti di dividendi futuri. I dividendi sono pagati dai guadagni tassabili e possono includere un ritorno di capitale e/o guadagni in conto capitale.

Trinity Capital Inc. (Nasdaq: TRIN) ha declarado un dividendo en efectivo de $0.51 por acción para el tercer trimestre de 2024. Esto marca el 19° trimestre consecutivo de un dividendo constante o aumentado. El dividendo se pagará el 15 de octubre de 2024 a los accionistas registrados al 30 de septiembre de 2024.

Trinity Capital tiene como objetivo distribuir entre el 90% y el 100% de sus ingresos trimestrales imponibles a través de cuatro dividendos trimestrales para calificar como una compañía de inversión regulada. La empresa también podría pagar dividendos suplementarios adicionales o trasladar ingresos imponibles en exceso para futuros pagos de dividendos. Los dividendos se pagan con ganancias gravables y pueden incluir un retorno de capital y/o ganancias de capital.

트리니티 캐피탈 Inc. (Nasdaq: TRIN)은 2024년 3분기 주당 $0.51의 현금 배당금을 선언했습니다. 이는 19번째 연속 분기의 일정한 또는 증가된 배당금을 의미합니다. 배당금은 2024년 10월 15일2024년 9월 30일 기준으로 등록된 주주에게 지급됩니다.

트리니티 캐피탈은 규제 투자 회사로 자격을 얻기 위해 4개의 분기 배당금을 통해 과세 분기 수익의 90%에서 100%를 분배하는 것을 목표로 합니다. 회사는 추가 보충 배당금을 지급하거나 향후 배당금 지급을 위한 초과 과세 수익을 이월할 수도 있습니다. 배당금은 과세 수익에서 지급되며 자본의 반환 및/또는 자본 이익을 포함할 수 있습니다.

Trinity Capital Inc. (Nasdaq: TRIN) a déclaré un dividende en espèces de 0,51 $ par action pour le troisième trimestre de 2024. Cela marque le 19ème trimestre consécutif d'un dividende constant ou augmenté. Le dividende sera payé le 15 octobre 2024 aux actionnaires enregistrés au 30 septembre 2024.

Trinity Capital vise à distribuer 90 % à 100 % de son revenu imposable trimestriel à travers quatre dividendes trimestriels pour se qualifier en tant que société d'investissement réglementée. La société peut également verser des dividendes supplémentaires ou reporter un excédent de revenus imposables pour des paiements de dividendes futurs. Les dividendes sont payés à partir de gains imposables et peuvent inclure un retour de capital et/ou des plus-values.

Die Trinity Capital Inc. (Nasdaq: TRIN) hat eine Bardividende von 0,51 $ pro Aktie für das dritte Quartal 2024 erklärt. Dies ist das 19. aufeinanderfolgende Quartal mit einer konstanten oder erhöhten Dividende. Die Dividende wird am 15. Oktober 2024 an Aktionäre ausgezahlt, die am 30. September 2024 eingetragen sind.

Trinity Capital hat sich zum Ziel gesetzt, 90 % bis 100 % ihres steuerpflichtigen vierteljährlichen Einkommens durch vier vierteljährliche Dividenden zu verteilen, um als reguliertes Investmentunternehmen zu qualifizieren. Das Unternehmen kann auch zusätzliche Ergänzungsdividenden zahlen oder überschüssiges steuerpflichtiges Einkommen für zukünftige Dividendenzahlungen übertragen. Dividenden werden aus steuerpflichtigen Erträgen gezahlt und können eine Rückzahlung des Kapitals und/oder Kapitalgewinne umfassen.

Positive
  • Consistent dividend payment of $0.51 per share
  • 19th consecutive quarter of consistent or increased dividend
  • Commitment to distribute 90-100% of taxable income to shareholders
Negative
  • None.

19th Consecutive Quarter of a Consistent or Increased Dividend

PHOENIX, Sept. 18, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending September 30, 2024. This marks an equivalent dividend compared to the second quarter of 2024 and signals the 19th consecutive quarter of a consistent or increased dividend.

Summary of Third Quarter 2024 Dividend:

Declaration date

September 18, 2024

Record Date

September 30, 2024

Payment Date

October 15, 2024

The Company's objective is to distribute four quarterly dividends in an amount that approximates 90% to 100% of its taxable quarterly income or potential annual income for a particular year in order to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. In addition, during any particular year, the Company may pay additional supplemental dividends, so that the Company distributes approximately all its annual taxable income in the year it was earned, or it may spill over the excess taxable income into the coming year for future dividend payments.

Dividends are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the dividends will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.

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SOURCE Trinity Capital Inc.

FAQ

What is Trinity Capital's dividend amount for Q3 2024?

Trinity Capital (TRIN) declared a cash dividend of $0.51 per share for the third quarter of 2024.

When will Trinity Capital (TRIN) pay its Q3 2024 dividend?

Trinity Capital will pay its Q3 2024 dividend on October 15, 2024, to shareholders of record as of September 30, 2024.

How many consecutive quarters has Trinity Capital (TRIN) maintained or increased its dividend?

Trinity Capital has maintained or increased its dividend for 19 consecutive quarters as of Q3 2024.

What percentage of taxable income does Trinity Capital (TRIN) aim to distribute as dividends?

Trinity Capital aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends.

Trinity Capital Inc.

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