TriplePoint Venture Growth BDC Corp.
TPVGFinancial Services · Stock · quarterly payer
Forward Yield
14.04%
Annual Dividend
$0.75
Payout Ratio
95%
5-Yr Growth
-2.6%
Ex-Date
Sep 16, 2026
Frequency
Quarterly
Summary
As of September 2026, TriplePoint Venture Growth BDC Corp. (TPVG) yields 14.04% ($0.75 per share annually), with a blended fair-value estimate of $6.90 — +27% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is TPVG a good dividend stock?
MixedTriplePoint Venture Growth BDC Corp. (TPVG) pays a quarterly dividend yielding 14.04% ($0.75/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (95%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.04%
- Payout Ratio
- 95%
- Annual Dividend
- $0.75
- 5-Yr Avg Growth
- -2.6%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.35
- Market Cap
- $218.2M
- P/E Ratio
- 5.4
- 5-Yr Total Return
- -66%
- 52-Week Range
- $4.40 – $6.95
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
TPVG Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
-48%
5 Years
-66%
52-Week Range
$4.40 – $6.95
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TPVG worth?
Undervaluedhigh confidenceOur blended fair-value estimate for TriplePoint Venture Growth BDC Corp. is $6.90 per share, versus a market price of $5.43. That implies 27% of upside — a margin of safety of about 21%.
Fair Value
$6.90
Current Price
$5.43
Upside
+27%
Margin of Safety
21%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 11.1% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.01 EPS, $0.75 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TPVG Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 16, 2026 | — | $0.2300 | regular |
| Mar 17, 2026 | — | $0.2300 | regular |
| Dec 16, 2025 | — | $0.2500 | regular |
| Sep 16, 2025 | — | $0.2300 | regular |
| Jun 16, 2025 | — | $0.3000 | regular |
| Mar 17, 2025 | — | $0.3000 | regular |
| Dec 13, 2024 | — | $0.3000 | regular |
| Sep 16, 2024 | — | $0.3000 | regular |
| Jun 14, 2024 | — | $0.4000 | regular |
| Mar 13, 2024 | — | $0.4000 | regular |
| Dec 14, 2023 | — | $0.4000 | regular |
| Sep 14, 2023 | — | $0.4000 | regular |
| Jun 14, 2023 | — | $0.4000 | regular |
| Mar 14, 2023 | — | $0.4000 | regular |
Income Calculator
At $0.75 / yr per share
