Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) declared a special dividend on Tuesday, May 5th. Shareholders of record on Thursday, July 16th will be given a dividend of 0.03 per share by the investment management company on Friday, August 14th. The ex-dividend date is Thursday, July 16th.
Horizon Technology Finance has raised its dividend by an average of 0.0%annually over the last three years. Horizon Technology Finance has a payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Research 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%.
Horizon Technology Finance Stock Performance
Shares of HRZN opened at $4.58 on Thursday. The firm has a market cap of $218.95 million, a price-to-earnings ratio of 10.65 and a beta of 0.99. Horizon Technology Finance has a fifty-two week low of $3.80 and a fifty-two week high of $8.46. The firm has a 50 day moving average price of $4.51 and a 200-day moving average price of $5.82.
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.
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