Printed on February twenty seventh, 2026 by Bob Ciura
Month-to-month dividend shares have instantaneous enchantment for a lot of revenue traders. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
For that reason, we created a full checklist of over 100 month-to-month dividend shares.
You’ll be able to 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 beneath:
Trinity Capital (TRIN) is a month-to-month dividend inventory with a excessive yield. This doubtlessly makes the inventory extra engaging for revenue traders in search of extra frequent dividend payouts.
This text will analyze Trinity Capital in larger element.
Enterprise Overview
Trinity Capital is an internally managed BDC specializing on offering secured debt financing to venture-backed progress corporations, primarily within the expertise and life sciences ecosystems.
As of its newest quarterly filings, it has investments in 97 portfolio corporations, with the portfolio weighted towards Finance & Insurance coverage (~15.8%), SaaS (~10.3%), Healthcare Companies (~10.1%), Medical Units (~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 12 months, the BDC generated $226.8 million in whole 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% 12 months over 12 months to $75.6 million, pushed by sturdy origination exercise and continued demand throughout the corporate’s direct lending and tools financing platforms.
The web improve in internet belongings 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 because of portfolio progress and accretive fairness issuance.
Progress Prospects
Trinity Capital has a really quick historical past. The BDC measures its efficiency in improve or (decline) in belongings, which on a per-share foundation, has seen a relatively risky efficiency.
The post-COVID interval produced an unusually sturdy improve in internet belongings per share, pushed by a strong restoration in growth-stage firm valuations, a big unrealized appreciation on fairness and warrant positions, and better internet funding revenue following the corporate’s IPO and balance-sheet growth.
Outcomes had been weaker in 2022, when internet belongings turned unfavourable once more because of rising rates of interest, public-market a number of compression, and broad valuation markdowns throughout enterprise and progress fairness. These pressures diminished the truthful worth of Trinity’s fairness and warrant investments regardless of secure credit score efficiency.
However, situations 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 risky 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 way of a full credit score cycle. Its deal with venture-backed, growth-stage debtors introduces inherent volatility, as asset values and efficiency are carefully tied to capital market situations and investor threat urge for food.
Furthermore, Trinity doesn’t seem to have a sturdy aggressive benefit. Whereas sourcing relationships and the usage of warrants and exit charges provide modest differentiation, these options are a commodity in enterprise lending and provide restricted insulation from competitors.
In a recession, diminished enterprise funding, decrease portfolio valuations, and better credit score stress may materially stress each NAV and earnings, making outcomes meaningfully delicate to financial downturns.
With a dividend payout ratio anticipated at 98% for 2026, the dividend payout is just not safe.
As a result of if how risky Trinity’s IIA/share may be, it’s higher to worth the corporate primarily based on in its underlying a number of on NAV.
All through its quick historical past, Trinity has traded near its NAV. Right now, it trades at about 1.1x NAV. We consider 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 may cut back annual returns by 0.3% going ahead. Offsetting this would be the 13.4% dividend yield, with no anticipated underlying enterprise progress.
General, whole returns are anticipated to achieve 10.6%, albeit with elevated threat to the dividend payout.
Remaining Ideas
Trinity Capital Inc. gives a high-yield, month-to-month dividend, however that revenue comes with elevated threat because of its quick 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 charge the inventory a promote because of the pause in constant dividend will increase.
Further Studying
Don’t miss the sources beneath for extra month-to-month dividend inventory investing analysis.
And see the sources beneath for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
Thanks for studying this text. Please ship any suggestions, corrections, or inquiries to [email protected].
