Triangle Capital announced that its board of directors has declared a cash dividend of $0.53 per share. This is the company’s 24th consecutive quarterly dividend since its initial public offering in February, 2007, and represents a 12.8% increase over the fourth quarter of 2011. This is the company’s fourth dividend increase during the past 12 months.

Raleigh, NC-based Triangle Capital invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events.