Last $25.90 USD
Change Today -0.313 / -1.19%
Volume 148.3K
As of 3:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Key Developments

Triangle Capital Corporation Declares Regular Quarterly Dividend and Additional Dividend, Payable on September 24, 2014

Triangle Capital Corporation announced that its board of directors has declared a quarterly cash dividend of $0.54 per share. In addition to this regular quarterly dividend, the company will pay an extra dividend of $0.05 per share, bringing the total amount of dividends paid for the third quarter of 2014 to $0.59 per share, or $2.36 on an annualized basis. Record date is September 10, 2014. Payment date is September 24, 2014. Additional dividend of $0.05 per share is payable on September 24, 2014 to the shareholders of record September 10, 2014.

Triangle Capital Corporation Expects Dividend for the Second Half of 2014

Triangle Capital Corporation announced during the second half of 2014, it expect to over-earn base quarterly dividend of $0.54 per share.

Triangle Capital Corporation Provides Dividend Guidance for the Third Quarter of 2014

Triangle Capital Corporation announced that the third quarter 2014 distributions to shareholders, which will be declared at a later time, are expected to total $0.59 per share.

Triangle Capital Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Triangle Capital Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total loan interest, fee and dividend income of $20,735,995 compared to $22,989,068 a year ago. Total investment income was $24,939,766 compared to $27,256,148 a year ago. The decrease in total investment income was primarily attributable to a $2.3 million decrease in total loan interest (including PIK interest), fee and dividend income. Net investment income was $14,658,348 or $0.53 basic and diluted per share compared to $16,271,923 or $0.59 basic and diluted per share a year ago. Net realized gains were $11,690,527 compared to $3,459,748 a year ago. Net increase in net assets resulting from operations was $24,194,338 or $0.87 basic and diluted per share compared to $21,848,467 or $0.79 basic and diluted per share a year ago. For the six months, the company reported total loan interest, fee and dividend income of $40,965,911 compared to $43,188,969 a year ago. Total investment income was $48,978,711 compared to $51,722,083 a year ago. Net investment income was $28,501,689 or $1.02 basic and diluted per share compared to $31,505,388 or $1.15 basic and diluted per share a year ago. Net realized gains were $11,754,175 compared to $5,312,530 a year ago. Net increase in net assets resulting from operations was $36,696,837 or $1.32 basic and diluted per share compared to $40,268,283 or $1.46 basic and diluted per share a year ago. Net cash used in operating activities was $34,133,473 compared to net cash provided by operating activities of $94,219,473 a year ago. Purchases of property and equipment were $34,827 compared to $17,145 a year ago. Net asset value per share as at June 30, 2014 was $15.95 compared to $16.10 per share at December 31, 2013.

Triangle Capital Corporation, Q2 2014 Earnings Call, Aug 07, 2014

Triangle Capital Corporation, Q2 2014 Earnings Call, Aug 07, 2014

 

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