TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will begin trading ex-dividend on November 25, 2020. The quarterly dividend payment of $ 0.36 per share is scheduled to be paid on December 14, 2020. The dividend yield based on the latest trading day closing price was 11.11 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 25, 2020.
Dividends History
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TriplePoint Venture Growth BDC Corp. recently reported second quarter financial results on August 5, 2020, after market close, the Menlo Park based company communicated income for the second quarter of $ 0.38 per share, from the revenue of $ 23.80 million. The quarterly earnings surged 19.77 percent compared with the same quarter last year. Wall street analysts are predicting, TPVG to report 2Q20 income of $ 0.35 per share from revenue of $ 22.14 million. The bottom line results beat street analysts by $ 0.03 or 8.57 percent, at the same time, top line results outshined analysts by $ 1.66 million or 7.50 percent.
Stock Performance
Shares of TriplePoint Venture Growth BDC Corp. traded up $ 0.18 or 1.41 percent on Thursday, reaching $ 12.96 with volume of 165.60 thousand shares. TriplePoint Venture Growth BDC Corp. has traded high as $ 13.08 and has cracked $ 12.78 on the downward trend
According to the previous trading day, closing price of $ 12.96, representing a 356.43 % increase from the 52 week low of $ 2.80 and a 14.74 % decrease over the 52 week high of $ 14.99.
The company has a market capital of $ 399.53 million and is part of the Financial Services sector and Asset Management industry.
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.
