Trinity Capital Inc. (TRIN)
Trinity Capital (TRIN) Lags Q2 Earnings Estimates
Trinity Capital (TRIN) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.58 per share a year ago.
Trinity Exploration & Production directors say they favour the rival cash takeover bid
The directors of Trinity Exploration & Production PLC (AIM:TRIN) today confirmed that they no longer recommend the takeover bid of Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) – and instead they intend unanimously to recommend that eligible shareholders vote in favour of the recent rival ‘Lease Operators' offer. Albeit, the directors also noted that existing ‘irrevocable undertakings' in favour of the prior Touchstone offer remain in place, until they lapse on 22 August.
Touchstone Exploration “evaluating position” regarding Trinity offer
Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) issued a statement regarding Trinity Exploration & Production PLC (AIM:TRIN), after a rival bid was recommended by the Trinity board late last week. Following the news of the offer by Lease Operators Limited, Touchstone said it is currently evaluating its position.
Trinity Capital: 14% Yield, Record Earnings, 13 Straight Hikes
Trinity Capital is a BDC specializing in venture debt for growth-stage companies, with a $1.36B portfolio. Management has raised the quarterly dividend for 13 straight quarters. Q1 '24 earnings saw record total investment income and net investment income, with the CEO buying $50K worth of shares.
Trinity Capital: The 14% Yield Looks Sustainable In 2024
Trinity Capital Inc. is increasing its dividend by $0.01 per share per quarter, making it attractive for passive income investors seeking growth. The BDC covers its dividend with net investment income, with potential for continued dividend growth due to stable interest rates. Trinity Capital's stock is selling at a premium to net asset value, indicating investor confidence in the company's ability to maintain its dividend.
Trinity Capital: Trades At Smaller Premium Than Peers
Trinity Capital is an internally-managed business development company that provides debt and equipment financing to growth stage middle market companies. TRIN has a current dividend yield of 13.7%, making it an appealing investment for income-focused investors. TRIN's strategy focuses on maintaining a majority exposure to floating rate debt investments, which has been beneficial in the current higher interest rate environment.
