Horizon Technology Finance Corporation (NASDAQ:HRZN) Plans Monthly Dividend of $0.06

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, March 16th will be given a dividend of 0.06 per share by the investment management company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 17.6%. The ex-dividend date of this dividend is Monday, March 16th.

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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Technology Finance to earn $1.26 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 57.1%.

Horizon Technology Finance Stock Down 5.1%

Shares of HRZN opened at $4.10 on Friday. The business has a 50-day simple moving average of $6.19 and a two-hundred day simple moving average of $6.38. Horizon Technology Finance has a 52 week low of $3.97 and a 52 week high of $9.52. The stock has a market cap of $196.02 million, a price-to-earnings ratio of -25.63 and a beta of 0.97.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, March 3rd. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The company had revenue of $0.58 million for the quarter, compared to analysts’ expectations of $25.64 million. Horizon Technology Finance had a negative net margin of 2.77% and a positive return on equity of 14.52%. On average, equities analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal 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.