Horizon Technology Finance Corporation (HRZN) To Go Ex-Dividend on December 16th

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Thursday, November 5th. Investors of record on Wednesday, December 16th will be given a dividend of $0.06 per share by the investment management company on Friday, January 15th. This represents a $0.72 dividend on an annualized basis and a yield of 18.2%. The ex-dividend date is Wednesday, December 16th.

Horizon Technology Finance has a payout ratio of 62.6% meaning 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 Performance

NASDAQ HRZN opened at $3.96 on Friday. The firm has a market capitalization of $265.44 million, a P/E ratio of -5.28 and a beta of 1.00. The business has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $4.74. Horizon Technology Finance has a 12 month low of $3.70 and a 12 month high of $6.85.

Horizon Technology Finance (NASDAQ:HRZN) last posted its 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 net margin of 5.27% and a return on equity of 11.15%. The business had revenue of $24.06 million during the quarter, compared to the consensus estimate of $25.12 million. As a group, sell-side analysts predict that Horizon Technology Finance will post 0.63 EPS for the current fiscal 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.