Hercules Capital, Inc. (HTGC) To Go Ex-Dividend on May 14th

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.07 per share by the financial services provider on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 14th.

Hercules Capital has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Hercules Capital has a payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Hercules Capital to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 82.1%.

Hercules Capital Stock Performance

NYSE HTGC opened at $16.31 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 8.91 and a beta of 0.83. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $14.92 and a 200-day moving average price of $16.92. Hercules Capital has a twelve month low of $13.70 and a twelve month high of $19.67.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $133.25 million during the quarter, compared to analyst estimates of $141.57 million. Hercules Capital had a return on equity of 15.97% and a net margin of 63.80%.During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, equities research analysts predict that Hercules Capital will post 1.95 EPS for the current fiscal year.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.