Triplepoint Capital Ventures

TriplePoint Venture Growth BDC Declares Initial Dividend

TriplePoint Venture Growth BDC (TPVG), a closed-end, non-diversified management investment company, said late Thursday that its board of directors has authorized and declared an initial dividend of $0.09 per share for the period from the pricing of the company’s initial public offering on March 5, 2014, through March 31, 2014.

The dividend reflects a quarterly dividend rate of $0.30 per share, prorated for the 27 days in this period. The dividend will be payable on April 30, 2014 to stockholders of record on April 15, 2014.

Shares of Ocean Power Technologies (OPTT) dropped about 6% in evening trade after the renewable energy company said it intends to offer shares of its common stock in an underwritten public offering. The size of the offering was unspecified.

OPTT is down 5.5% at $3.59 after-hours.

Shares of Intellicheck Mobilisa, Inc. (IDN) drop sharply late Thursday after the identity and wireless security firm said it intends to offer for sale its common stock in an underwritten public offering.

It did not offer specifics on the size or timing of the offering, which is subject to market and other conditions.