Horizon Technology Finance Corporation (HRZN) To Go Ex-Dividend on October 16th

Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) declared a special dividend on Thursday, July 30th. Investors of record on Friday, October 16th will be paid a dividend of $0.03 per share by the investment management company on Monday, November 16th. This represents a yield of 822.0%. The ex-dividend date of this dividend is Friday, October 16th.

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

Shares of Horizon Technology Finance stock opened at $4.54 on Wednesday. The stock has a market capitalization of $304.32 million, a price-to-earnings ratio of 12.61 and a beta of 1.00. The business has a 50-day moving average of $4.73 and a 200 day moving average of $4.50. Horizon Technology Finance has a 12 month low of $3.80 and a 12 month high of $6.85.

Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $25.05 million for the quarter, compared to analysts’ expectations of $25.22 million. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. Equities research analysts anticipate that Horizon Technology Finance will post 0.63 earnings per share for the current year.

Horizon Technology Finance Company Profile

(Get Free Report)

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a business development company that provides secured venture loans to companies backed by venture capital and private equity investors. The company focuses on lending to businesses that may have limited access to traditional bank financing but possess growth potential and institutional investor support.

Horizon primarily serves companies in the technology, life sciences, healthcare information and services, and sustainability sectors.

Further Reading

Dividend History for Horizon Technology Finance (NASDAQ:HRZN)

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