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

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Thursday, November 5th. Shareholders of record on Wednesday, December 16th will be given a dividend of $0.06 per share by the investment management company on Friday, January 15th. This represents a $0.72 annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Wednesday, December 16th.

Horizon Technology Finance has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Research 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

Shares of HRZN opened at $3.96 on Friday. The company’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.75. Horizon Technology Finance has a 1 year low of $3.77 and a 1 year high of $6.85. The stock has a market capitalization of $265.45 million, a PE ratio of 11.00 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings data on Thursday, November 5th. The investment management company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $24.06 million during the quarter, compared to analysts’ expectations of $25.12 million. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. On average, sell-side analysts predict that Horizon Technology Finance will post 0.63 earnings per share for the current year.

Horizon Technology Finance Company Profile

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.