Horizon Technology Finance Corporation (NASDAQ:HRZN) Shareholders to Get $0.06 Monthly Dividend

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Wednesday, December 16th will be paid 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 dividend yield of 18.1%. The ex-dividend date 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 Up 0.5%

Horizon Technology Finance stock opened at $3.98 on Friday. Horizon Technology Finance has a 52 week low of $3.70 and a 52 week high of $6.85. The company’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $4.75. The stock has a market cap of $266.66 million, a P/E ratio of 11.05 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. The business had revenue of $24.06 million for the quarter, compared to analyst estimates of $25.12 million. On average, equities analysts anticipate that Horizon Technology Finance will post 0.63 EPS for the current year.

About Horizon Technology Finance

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.