earnings
confidence high
sentiment neutral
materiality 0.70
TriplePoint Venture Growth Q4 NII $0.32/share; FY 2024 NII $1.40/share; declares Q1 dividend $0.30
TriplePoint Venture Growth BDC Corp.
- Q4 2024 NII $12.6M ($0.32/share) vs $17.3M ($0.47/share) in Q4 2023; total investment income $25.8M.
- FY 2024 NII $54.5M ($1.40/share) vs $73.8M ($2.07/share) in FY 2023; portfolio yield on debt 15.7%.
- Q4 new debt commitments $72.0M; signed term sheets $323.4M, highest in two years; pipeline growing.
- Board declared Q1 2025 distribution of $0.30/share payable March 31, 2025; record date March 17, 2025.
- Subsequent to quarter-end: raised $50M in senior unsecured notes due Feb 2028; appointed new CFO Mike L. Wilhelms.