Triangle Capital Keeps Dividend Steady

Triangle Capital (NYSE: TCAP  ) is holding to its existing dividend policy for now. The company has declared a quarterly disbursement of $0.54 per share, to be paid on September 25 to shareholders of record as of September 11. That amount matches both of the firm's previous two distributions, the most recent of which was dispensed at the end of June. Prior to that, Triangle Capital was less generous by a penny, handing out $0.53 per share.

The firm has paid dividends in every quarter since June 2007. Its inaugural payout followed closely on the heels of its IPO launched in February of that year.

The just-declared dividend annualizes to $2.16 per share. That yields 7.4% at Triangle Capital's current stock price of $29.05.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2614461, ~/Articles/ArticleHandler.aspx, 9/2/2014 11:32:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement