Hercules Capital, Inc. (NYSE:HTGC) announced a quarterly dividend on Tuesday, February 23rd, Wall Street Journal reports. Shareholders of record on Monday, March 8th will be paid a dividend of 0.32 per share by the financial services provider on Monday, March 15th. This represents a $1.28 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date is Friday, March 5th.

Hercules Capital has raised its dividend payment by 11.3% over the last three years.

Shares of Hercules Capital stock traded up $0.01 on Tuesday, hitting $15.63. 735,628 shares of the company’s stock traded hands, compared to its average volume of 651,346. Hercules Capital has a 52-week low of $5.42 and a 52-week high of $15.89. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.79 billion, a P/E ratio of 14.46 and a beta of 1.57. The firm’s 50-day moving average is $15.13 and its 200 day moving average is $12.97.

Several research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Hercules Capital from $13.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, January 8th. B. Riley upped their price objective on Hercules Capital from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, November 24th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.64.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

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Dividend History for Hercules Capital (NYSE:HTGC)

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