Hercules Capital, Inc. (HTGC) To Go Ex-Dividend on November 10th

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

Hercules Capital has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. Hercules Capital has a dividend payout ratio of 80.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research 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 Stock Performance

NYSE HTGC opened at $16.60 on Wednesday. The stock’s 50-day simple moving average is $17.02 and its two-hundred day simple moving average is $16.21. Hercules Capital has a twelve month low of $13.70 and a twelve month high of $19.13.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $134.41 million during the quarter, compared to the consensus estimate of $146.71 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Research analysts predict that Hercules Capital will post 1.95 EPS for the current year.

Hercules Capital Company Profile

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.