Horizon Technology Finance Corporation (NASDAQ:HRZN) Shares to Pay Monthly Dividend of $0.06

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Thursday, November 5th. Shareholders 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 dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.7%

Shares of NASDAQ:HRZN opened at $3.96 on Friday. The company has a market capitalization of $265.45 million, a PE ratio of 11.00 and a beta of 1.00. Horizon Technology Finance has a twelve month low of $3.77 and a twelve month high of $6.85. The firm has a 50 day simple moving average of $4.47 and a 200-day simple moving average of $4.75.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Thursday, November 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $24.06 million during the quarter, compared to analysts’ expectations of $25.12 million. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. As a group, equities research analysts predict that Horizon Technology Finance will post 0.63 EPS for the current fiscal year.

Horizon Technology Finance Company Profile

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.