Hercules Capital, Inc. Declares Quarterly Dividend of $0.47 (NYSE:HTGC)

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Tuesday, February 11th,RTT News reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.47 per share by the financial services provider on Wednesday, March 5th. This represents a $1.88 annualized dividend and a dividend yield of 9.11%.

Hercules Capital has increased its dividend payment by an average of 14.4% annually over the last three years. Hercules Capital has a dividend payout ratio of 81.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Down 1.1 %

NYSE:HTGC opened at $20.63 on Tuesday. The company’s 50 day moving average is $20.08 and its two-hundred day moving average is $19.60. The company has a market cap of $3.35 billion, a PE ratio of 10.21 and a beta of 1.35. Hercules Capital has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Monday, January 6th. Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.