Hercules Capital, Inc. (NYSE:HTGC) Declares Quarterly Dividend of $0.40

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.40 per share by the financial services provider on Tuesday, August 18th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Tuesday, August 11th. This is a 471.4% increase from Hercules Capital’s previous quarterly dividend of $0.07.

Hercules Capital has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Hercules Capital has a dividend payout ratio of 80.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Hercules Capital to earn $1.99 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 80.4%.

Hercules Capital Trading Up 2.8%

HTGC stock traded up $0.45 during trading on Tuesday, reaching $16.24. The company had a trading volume of 1,353,527 shares, compared to its average volume of 2,085,412. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.89 and a quick ratio of 1.89. Hercules Capital has a 52 week low of $13.70 and a 52 week high of $19.67. The business has a 50 day moving average of $15.66 and a 200 day moving average of $15.89. The company has a market cap of $3.04 billion, a P/E ratio of 9.17 and a beta of 0.79.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The business had revenue of $134.94 million for the quarter, compared to analysts’ expectations of $141.39 million. During the same period in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 18.4% on a year-over-year basis. As a group, sell-side analysts forecast that Hercules Capital will post 1.93 earnings per share 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.