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

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, May 18th will be given a dividend of 0.06 per share by the investment management company on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend is Monday, May 18th.

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. Analysts expect Horizon Technology Finance to earn $0.83 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 86.7%.

Horizon Technology Finance Stock Down 2.1%

NASDAQ HRZN opened at $4.25 on Friday. Horizon Technology Finance has a 52 week low of $3.80 and a 52 week high of $8.46. The business’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $5.74. The firm has a market cap of $290.11 million, a PE ratio of 9.88 and a beta of 0.99.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of ($6.19) million for the quarter, compared to analyst estimates of $21.09 million. Horizon Technology Finance had a net margin of 22.55% and a return on equity of 13.63%. Research analysts expect that Horizon Technology Finance will post 0.75 EPS for the current year.

Horizon Technology Finance Company Profile

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.