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