Horizon Technology Finance Corporation (HRZN) To Go Ex-Dividend on June 17th

Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) declared a monthly dividend on Friday, May 1st. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.06 per share by the investment management company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Wednesday, June 17th.

Horizon Technology Finance has raised its dividend payment by an average of 0.0%per year over the last three years. Horizon Technology Finance has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

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Horizon Technology Finance Price Performance

HRZN stock opened at $4.36 on Monday. Horizon Technology Finance has a 12 month low of $3.80 and a 12 month high of $8.46. The company’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $5.42. The firm has a market capitalization of $297.62 million, a PE ratio of 10.14 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last announced its earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that Horizon Technology Finance will post 0.69 earnings per share for the current year.

Horizon Technology Finance Company Profile

(Get Free Report)

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.

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