Revealed on February twenty seventh, 2026 by Bob Ciura
Month-to-month dividend shares have prompt enchantment for a lot of revenue traders. Shares that pay their dividends every month supply extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full listing of over 100 month-to-month dividend shares.
You possibly can obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yields and payout ratios) by clicking on the hyperlink under:
Trinity Capital (TRIN) is a month-to-month dividend inventory with a excessive yield. This doubtlessly makes the inventory extra enticing for revenue traders in search of extra frequent dividend payouts.
This text will analyze Trinity Capital in better element.
Enterprise Overview
Trinity Capital is an internally managed BDC specializing on offering secured debt financing to venture-backed progress firms, primarily within the expertise and life sciences ecosystems.
As of its newest quarterly filings, it has investments in 97 portfolio firms, with the portfolio weighted towards Finance & Insurance coverage (~15.8%), SaaS (~10.3%), Healthcare Providers (~10.1%), Medical Gadgets (~9.9%), and House Know-how (~8.6%), amongst different industries.
The portfolio consisted of 76.6% loans, 14.5% tools financings, and eight.9% fairness and warrants. Final yr, the BDC generated $226.8 million in complete curiosity and dividend revenue.
On November fifth, 2025, Trinity Capital reported its Q3 outcomes for the interval ending September thirtieth, 2025. Funding revenue elevated 22.3% yr over yr to $75.6 million, pushed by sturdy origination exercise and continued demand throughout the corporate’s direct lending and tools financing platforms.
The online improve in web property ensuing from operations was $27.6 million, or $0.39 per share, reflecting strong portfolio efficiency regardless of realized losses tied to pick funding exits and conversions.
NAV per share rose to $13.31, up 31.9% year-over-year and modestly increased than $13.27 on the finish of the prior quarter. This was as a consequence of portfolio progress and accretive fairness issuance.
Progress Prospects
Trinity Capital has a really brief historical past. The BDC measures its efficiency in improve or (decline) in property, which on a per-share foundation, has seen a moderately unstable efficiency.
The post-COVID interval produced an unusually sturdy improve in web property per share, pushed by a strong restoration in growth-stage firm valuations, a big unrealized appreciation on fairness and warrant positions, and better web funding revenue following the corporate’s IPO and balance-sheet growth.
Outcomes had been weaker in 2022, when web property turned unfavorable once more as a consequence of rising rates of interest, public-market a number of compression, and broad valuation markdowns throughout enterprise and progress fairness. These pressures lowered the truthful worth of Trinity’s fairness and warrant investments regardless of steady credit score efficiency.
Nonetheless, circumstances had been higher in 2023 and 2024, as increased base charges materially elevated curiosity revenue on Trinity’s predominantly floating-rate mortgage portfolio, whereas credit score high quality remained resilient, boosting outcomes.
Contemplating the unstable nature of Trinity’s reporting, the truth that the corporate could be very younger, and the pure headwind to NAV ensuing from its high-yield dividend (outflow), we don’t forecast any progress in IIA/share.
Dividend & Valuation Evaluation
The corporate’s public historical past is brief and has not been examined by a full credit score cycle. Its give attention to venture-backed, growth-stage debtors introduces inherent volatility, as asset values and efficiency are intently tied to capital market circumstances and investor danger urge for food.
Furthermore, Trinity doesn’t seem to have a sturdy aggressive benefit. Whereas sourcing relationships and using warrants and exit charges supply modest differentiation, these options are a commodity in enterprise lending and supply restricted insulation from competitors.
In a recession, lowered enterprise funding, decrease portfolio valuations, and better credit score stress might materially strain each NAV and earnings, making outcomes meaningfully delicate to financial downturns.
With a dividend payout ratio anticipated at 98% for 2026, the dividend payout isn’t safe.
As a result of if how unstable Trinity’s IIA/share will be, it’s higher to worth the corporate based mostly on in its underlying a number of on NAV.
All through its brief historical past, Trinity has traded near its NAV. At present, it trades at about 1.1x NAV. We imagine the BDC can maintain a modest premium to its NAV as traders are doubtlessly drawn to its sizable yield.
TRIN is barely overvalued, that means a declining NAV a number of might cut back annual returns by 0.3% going ahead. Offsetting this would be the 13.4% dividend yield, with no anticipated underlying enterprise progress.
Total, complete returns are anticipated to achieve 10.6%, albeit with elevated danger to the dividend payout.
Closing Ideas
Trinity Capital Inc. provides a high-yield, month-to-month dividend, however that revenue comes with elevated danger as a consequence of its brief historical past, venture-backed borrower publicity, and sensitivity to financial downturns.
We forecast annualized returns of ~11% over the medium time period, to be powered solely by the beginning dividend yield. Nonetheless, we price the inventory a promote as a result of pause in constant dividend will increase.
Further Studying
Don’t miss the sources under for extra month-to-month dividend inventory investing analysis.
And see the sources under for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
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