Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Monday, January 22nd will be paid a dividend of 0.10 per share by the investment management company on Thursday, February 15th. This represents a $1.20 annualized dividend and a yield of 11.37%. The ex-dividend date is Friday, January 19th.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The business had revenue of $6.77 million for the quarter, compared to analysts’ expectations of $6.39 million.

HRZN has been the topic of a number of research analyst reports. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. National Securities cut Horizon Technology Finance Corporation from a “neutral” rating to a “sell” rating and set a $10.00 price target on the stock. in a research note on Tuesday, October 17th. Compass Point restated a “sell” rating and issued a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. ValuEngine cut Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently 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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