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

Hercules Capital, Inc. (NYSE:HTGC) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Investors of record on Wednesday, February 26th will be given 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 yield of 9.02%. The ex-dividend date is Wednesday, February 26th.

Hercules Capital has raised its dividend by an average of 14.4% annually over the last three years. Hercules Capital has a payout ratio of 81.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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 0.2 %

NYSE HTGC opened at $20.84 on Wednesday. Hercules Capital has a one year low of $16.95 and a one year high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The business has a fifty day moving average price of $20.12 and a 200 day moving average price of $19.60. The company has a market cap of $3.39 billion, a P/E ratio of 10.31 and a beta of 1.35.

Wall Street Analysts Forecast Growth

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

Hercules Capital Company Profile

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.