"Unlike most other lenders, the majority of our loans have interest rate floors set at or near the original levels. So when rates come down, our income does not fall proportionately."
"NII per share came in at $0.52 in Q4 2025 against a $0.51 quarterly dividend, a 102% coverage ratio. That same 102% coverage held across all four quarters of 2025."
"Estimated undistributed taxable income is approximately $69 million or $0.84 per share, which we continue to reinvest."
Trinity Capital Inc. lends to growth-stage companies, focusing on five lending verticals. The company pays a monthly dividend of $0.17 per share, yielding about 13.5%. The income primarily comes from interest on loans, with a portfolio yield of 15.2%. Rate cuts have impacted yields, but most loans have interest rate floors, mitigating income loss. The dividend is supported by net investment income, with a coverage ratio of 102%. Estimated undistributed taxable income stands at $69 million, providing a financial cushion for dividends.
Read at 24/7 Wall St.
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