Horizon Technology Finance Corporation (NASDAQ:HRZN) to Issue Monthly Dividend of $0.06

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Thursday, November 5th. Investors of record on Tuesday, January 19th will be paid a dividend of $0.06 per share by the investment management company on Wednesday, February 17th. This represents a $0.72 annualized dividend and a yield of 18.1%. The ex-dividend date is Tuesday, January 19th.

Horizon Technology Finance has a payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Technology Finance to earn $0.71 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 101.4%.

Horizon Technology Finance Trading Up 0.7%

Shares of NASDAQ:HRZN traded up $0.03 during midday trading on Friday, hitting $3.99. 394,698 shares of the stock were exchanged, compared to its average volume of 816,225. The stock has a market cap of $267.33 million, a P/E ratio of 11.12 and a beta of 1.00. Horizon Technology Finance has a twelve month low of $3.70 and a twelve month high of $6.85. The company has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.75.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Thursday, November 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $24.06 million for the quarter, compared to analyst estimates of $25.12 million. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. On average, equities research analysts expect that Horizon Technology Finance will post 0.63 earnings per share for the current year.

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.

The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.