Horizon Technology Finance Co. Announces Monthly Dividend of $0.10 (NASDAQ:HRZN)

Horizon Technology Finance Co. (NASDAQ:HRZN) announced a monthly dividend on Friday, July 31st, Wall Street Journal reports. Shareholders of record on Wednesday, November 18th will be given a dividend of 0.10 per share by the investment management company on Tuesday, December 15th. This represents a $1.20 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Tuesday, November 17th.

Horizon Technology Finance has a payout ratio of 94.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Horizon Technology Finance to earn $1.25 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 96.0%.

Shares of NASDAQ:HRZN opened at $12.14 on Monday. The company’s fifty day moving average price is $12.21 and its 200-day moving average price is $11.50. The firm has a market capitalization of $222.99 million, a price-to-earnings ratio of 17.59 and a beta of 1.09. Horizon Technology Finance has a one year low of $4.51 and a one year high of $13.78.

Horizon Technology Finance (NASDAQ:HRZN) last released its earnings results on Sunday, November 8th. The investment management company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.07. Horizon Technology Finance had a net margin of 21.85% and a return on equity of 11.89%. As a group, research analysts forecast that Horizon Technology Finance will post 1.29 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. National Securities started coverage on shares of Horizon Technology Finance in a research report on Wednesday, September 23rd. They issued a “neutral” rating for the company. ValuEngine upgraded shares of Horizon Technology Finance from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 3rd. Zacks Investment Research lowered shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c+” rating to a “b-” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.83.

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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