Hercules Capital, Inc. (NYSE:HTGC) Shareholders Set to Receive $0.07 Quarterly Dividend

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, November 10th will be given a dividend of $0.07 per share by the financial services provider on Tuesday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 82.5% decrease from Hercules Capital’s previous quarterly dividend of $0.40.

Hercules Capital has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hercules Capital has a payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Hercules Capital to earn $1.99 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 80.4%.

Hercules Capital Price Performance

Shares of HTGC opened at $16.59 on Wednesday. Hercules Capital has a 1-year low of $13.70 and a 1-year high of $19.13. The business’s 50-day moving average price is $17.02 and its 200 day moving average price is $16.21.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $134.41 million during the quarter, compared to analyst estimates of $146.71 million. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Hercules Capital will post 1.95 earnings per share for the current year.

About Hercules Capital

Hercules Capital, Inc is a business development company and specialty finance firm that provides debt financing to innovative, growth-oriented companies. The company focuses primarily on venture capital-backed businesses in the technology, life sciences, and sustainable and specialty technology sectors.

Hercules Capital offers secured loans and other forms of growth capital designed to support companies through various stages of development, including expansion, acquisitions, recapitalizations, and initial public offerings.