Dividends4Life: 14% Yield, -11% Discount, Strong Growth

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14% Yield, -11% Discount, Strong Growth

Posted by D4L | Thursday, November 03, 2022 | | 0 comments »

Do you own any BDCs? Business Development Companies, known as BDCs, offer retail investors high yield exposure to private companies. This one yields 13.84% on a regular forward dividend basis. Management also intends to pay another $.15 dividend again in Q4 '22. It also looks undervalued vs. the BDC industry on a Price to Net Investment Income basis.

Trinity Capital Inc. (TRIN) is an internally managed BDC which specializes in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas. It IPO'd in January 2021, but had a longer prior history dating back to ~2008 in its predecessor funds.

Source: Seeking Alpha

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