Horizon Technology Finance Corporation (HRZN) to Issue Monthly Dividend of $0.10

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Wednesday, February 21st will be paid a dividend of 0.10 per share by the investment management company on Thursday, March 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Tuesday, February 20th.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last issued its earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Horizon Technology Finance Corporation had a net margin of 24.46% and a return on equity of 9.92%. The firm had revenue of $6.77 million for the quarter, compared to analysts’ expectations of $6.39 million.

HRZN has been the topic of several recent analyst reports. Compass Point restated a “sell” rating and issued a $10.00 target price on shares of Horizon Technology Finance Corporation in a report on Thursday, July 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Horizon Technology Finance Corporation in a report on Tuesday, July 25th. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a report on Wednesday, August 2nd. UBS AG cut shares of Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Horizon Technology Finance Corporation in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Horizon Technology Finance Corporation has a consensus rating of “Hold” and an average price target of $10.75.

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About Horizon Technology Finance Corporation

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

Dividend History for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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