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

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, November 17th will be paid a dividend of 0.06 per share by the investment management company on Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 15.8%. The ex-dividend date is Tuesday, November 17th.

Horizon Technology Finance has raised its dividend by an average of 0.0%per year over the last three years. Horizon Technology Finance has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horizon Technology Finance to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 88.9%.

Horizon Technology Finance Stock Performance

Horizon Technology Finance stock opened at $4.55 on Wednesday. The business’s 50-day simple moving average is $4.48 and its 200-day simple moving average is $4.88. The firm has a market capitalization of $310.79 million, a PE ratio of 10.59 and a beta of 0.98. Horizon Technology Finance has a 52 week low of $3.80 and a 52 week high of $7.76.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%.The business had revenue of ($44.66) million for the quarter, compared to analyst estimates of $25.22 million. Research analysts forecast that Horizon Technology Finance will post 0.69 earnings per share for the current year.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.