Trinity Capital Inc. Announces 2.1% Increase in Quarterly Dividend

Trinity Capital Inc's Board of Directors declared a cash dividend of $0.53 per share


Trinity Capital Inc., a provider of diversified financial solutions to growth-stage companies, has announced an increase in its quarterly dividend. The Board of Directors declared a cash dividend of $0.53 per share for the quarter ending June 30, 2023. This dividend includes a regular quarterly dividend of $0.48 per share and a supplemental cash dividend of $0.05 per share, representing a 2.1% increase over the previous quarter's regular dividend.

Supplemental Dividend to Comply with Tax Requirements

To comply with regulated investment company tax requirements for distributing undistributed taxable income from fiscal 2023, Trinity Capital's Board of Directors has authorized a supplemental cash dividend. This supplemental dividend will be paid out of the company's undistributed taxable income as of December 31, 2022, which represents taxable income in excess of dividends paid.

Key Dates for Dividend Distribution

The following key dates are important for the distribution of both the regular and new supplemental dividend for the quarter ending June 30, 2023:

  • Declaration Date: June 14, 2023
  • Record Date: June 30, 2023
  • Payment Date: July 14, 2023

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