Horizon Technology Finance Corporation (NASDAQ:HRZN) Shareholders Set to Receive $0.06 Monthly Dividend

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Thursday, November 5th. Investors of record on Thursday, February 18th will be paid a dividend of $0.06 per share by the investment management company on Tuesday, March 16th. This represents a $0.72 annualized dividend and a yield of 18.2%. The ex-dividend date is Thursday, February 18th.

Horizon Technology Finance has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Horizon Technology Finance stock traded down $0.01 during midday trading on Friday, reaching $3.96. The company’s stock had a trading volume of 488,136 shares, compared to its average volume of 816,821. The stock’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.75. Horizon Technology Finance has a 52-week low of $3.70 and a 52-week high of $6.85. The stock has a market capitalization of $265.12 million, a P/E ratio of 10.99 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. The business had revenue of $24.06 million during the quarter, compared to the consensus estimate of $25.12 million. As a group, equities research analysts expect that Horizon Technology Finance will post 0.63 earnings per share for the current fiscal year.

Horizon Technology Finance Company Profile

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.