Horizon Technology Finance Maintains Dividend With 18% Forward Yield
Horizon Technology Finance declared a monthly dividend of $0.06 per share, equivalent to $0.72 annually and a forward yield of about 18%. The payout appears covered by recent earnings, but analyst forecasts of $0.71 per share next year suggest the dividend could slightly exceed expected earnings. The company also reported quarterly earnings of $0.18 per share, in line with estimates, while revenue came in below expectations. Horizon is a business development company that makes secured loans to venture-backed businesses, particularly in technology, life sciences and health care.
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