Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) declared a monthly dividend on Thursday, November 5th. Shareholders of record on Thursday, February 18th will be given a dividend of $0.06 per share by the investment management company on Tuesday, March 16th. This represents a $0.72 annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Thursday, February 18th.
Horizon Technology Finance has a 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 Stock Performance
HRZN stock traded down $0.01 during mid-day trading on Friday, reaching $3.96. 488,136 shares of the stock traded hands, compared to its average volume of 816,821. Horizon Technology Finance has a one year low of $3.70 and a one year high of $6.85. The stock has a market capitalization of $265.12 million, a PE ratio of 10.99 and a beta of 1.00. The business has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.75.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last released its earnings results on Thursday, November 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. The firm had revenue of $24.06 million during the quarter, compared to analyst estimates of $25.12 million. On average, equities analysts expect that Horizon Technology Finance will post 0.63 earnings per share for the current fiscal year.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.
The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.
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