Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Announces Quarterly Dividend of $0.36

Triplepoint Venture Growth BDC Corp (NYSE:TPVG) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.36 per share by the investment management company on Monday, September 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date is Thursday, August 29th.

Triplepoint Venture Growth BDC has a payout ratio of 82.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Triplepoint Venture Growth BDC to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 82.8%.

Shares of TPVG traded down $0.05 on Friday, reaching $15.26. 32,093 shares of the stock traded hands, compared to its average volume of 299,060. The firm has a market cap of $379.38 million, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 3.09 and a beta of 1.12. Triplepoint Venture Growth BDC has a 12 month low of $10.25 and a 12 month high of $15.37. The stock’s 50-day moving average is $14.48.

Triplepoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Triplepoint Venture Growth BDC had a return on equity of 12.50% and a net margin of 57.09%. The firm had revenue of $17.49 million for the quarter, compared to analysts’ expectations of $17.35 million. Research analysts forecast that Triplepoint Venture Growth BDC will post 1.61 EPS for the current year.

A number of analysts have weighed in on TPVG shares. Nomura started coverage on Triplepoint Venture Growth BDC in a research report on Monday, July 8th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research cut Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Compass Point lowered Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 price objective on the stock. in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.19.

Triplepoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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Dividend History for Triplepoint Venture Growth BDC (NYSE:TPVG)

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