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

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.06 per share by the investment management company on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 16.9%. The ex-dividend date of this dividend is Monday, May 18th.

Horizon Technology Finance has increased its dividend by an average of 0.0%annually over the last three years. Horizon Technology Finance has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Horizon Technology Finance to earn $0.83 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 86.7%.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $4.25 on Friday. The company has a market capitalization of $290.11 million, a price-to-earnings ratio of 9.88 and a beta of 0.99. The business has a 50-day moving average of $4.29 and a two-hundred day moving average of $5.74. Horizon Technology Finance has a 1 year low of $3.80 and a 1 year high of $8.46.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of ($6.19) million during the quarter, compared to the consensus estimate of $21.09 million. Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%. As a group, equities research analysts expect that Horizon Technology Finance will post 0.75 earnings per share for the current year.

About Horizon Technology Finance

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.