TPVG Stock Recent News

TriplePoint Venture Growth fell double digits in intraday trading following its fiscal 2023 second-quarter earnings. This decline came on the back of continued net asset value weakness. The venture-focused BDC saw loans on non-accrual status rise markedly during its second quarter. A quarterly dividend of $0.40 per share was well covered by net investment income which also handily beat consensus estimates.

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.41 per share a year ago.

The Internet has changed how we communicate, in both positive and negative ways. Following COVID, meme mania spread across the internet, resulting in unreasonably high valuations. "Short reports" have been doing the opposite in a bearish market.

Triple Point Venture Growth: 13% Yield, Strong Coverage

TriplePoint Venture Growth is a business development company that lends to small and medium-sized tech companies, generating profits from the spread interest income, which are mostly paid to shareholders. Due to its low share price and strong business fundamentals, TriplePoint Venture Growth is able to offer a significant 14% dividend yield to its shareholders. Despite potential risks, the company's dividend payout appears to be secure for the foreseeable future.

Buy the income picks you need now, not just the ones you think you'll want later. Don't let the market do the thinking for you. Its goals are not yours. A retirement paid for by dividends is entirely possible and one thing you should strive for.

Buying stocks when their prices dip can be a good tactic for income investors, as it allows them to increase their income at a faster rate. TriplePoint Venture Growth and Cohen & Steers Infrastructure Fund are two stocks that have seen their share prices decrease recently, making them good buys on the dip. TPVG's strong cash flow and UTF's +8% yield and safe sector make them attractive options for investors looking to increase their income.

TriplePoint currently pays out a 14.7% dividend yield that was raised by 8% earlier this year. The venture debt-focused BDC has fallen around 25% over the last year to push its forward dividend yield to its highest level since the early 2020 pandemic panic.

Fear is causing the market to move irrationally. Dividend yields are rising due to higher interest rates, and great new opportunities arise to unlock long-term income.

From a technical perspective, TriplePoint Venture Growth (TPVG) is looking like an interesting pick, as it just reached a key level of support. TPVG recently overtook the 200-day moving average, and this suggests a long-term bullish trend.