Horizon Technology Finance Corp (NASDAQ:HRZN) Plans $0.10 Dividend

Horizon Technology Finance Corp (NASDAQ:HRZN) declared a dividend on Friday, October 25th, Fidelity reports. Investors of record on Friday, January 17th will be given a dividend of 0.10 per share by the investment management company on Friday, February 14th. The ex-dividend date of this dividend is Thursday, January 16th.

Horizon Technology Finance has decreased its dividend by an average of 4.2% per year over the last three years. Horizon Technology Finance has a dividend payout ratio of 86.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Horizon Technology Finance to earn $1.26 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 95.2%.

Shares of Horizon Technology Finance stock opened at $13.63 on Tuesday. The firm has a market cap of $194.82 million, a PE ratio of 11.36 and a beta of 0.68. Horizon Technology Finance has a 12-month low of $11.18 and a 12-month high of $13.67. The company’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.20.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The business had revenue of $11.38 million for the quarter. Horizon Technology Finance had a net margin of 41.04% and a return on equity of 11.68%. As a group, sell-side analysts expect that Horizon Technology Finance will post 1.35 earnings per share for the current year.

Several research analysts have issued reports on HRZN shares. ValuEngine raised shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. Janney Montgomery Scott started coverage on shares of Horizon Technology Finance in a report on Monday, October 28th. They issued a “neutral” rating for the company. Finally, Aegis started coverage on shares of Horizon Technology Finance in a report on Monday, January 6th. They issued a “hold” rating and a $13.10 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Horizon Technology Finance has a consensus rating of “Hold” and a consensus target price of $12.37.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.

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Dividend History for Horizon Technology Finance (NASDAQ:HRZN)

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