Horizon Technology Finance Corporation (HRZN) to Issue Monthly Dividend of $0.06 on June 16th

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

Horizon Technology Finance has raised its dividend payment by an average of 0.0%per year over the last three years. Horizon Technology Finance has a payout ratio of 62.6% indicating that 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 Stock Down 2.1%

Shares of NASDAQ HRZN opened at $4.25 on Friday. The company has a market capitalization of $290.11 million, a PE ratio of 9.88 and a beta of 0.99. The stock’s 50 day moving average price is $4.29 and its 200-day moving average price is $5.74. Horizon Technology Finance has a twelve month low of $3.80 and a twelve month high of $8.46.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, May 5th. The investment management company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business 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, research analysts expect that Horizon Technology Finance will post 0.75 EPS for the current fiscal 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.