Hercules Capital, Inc. (HTGC) to Issue Quarterly Dividend of $0.47 on March 5th

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 paid a dividend of 0.47 per share by the financial services provider on Wednesday, March 5th. This represents a $1.88 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Wednesday, February 26th.

Hercules Capital has increased its dividend payment by an average of 14.4% per year over the last three years. Hercules Capital has a dividend 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 decline. 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 Up 0.4 %

Shares of Hercules Capital stock opened at $20.96 on Thursday. The company’s fifty day simple moving average is $20.16 and its two-hundred day simple moving average is $19.61. Hercules Capital has a 12-month low of $16.95 and a 12-month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.40 billion, a P/E ratio of 10.38 and a beta of 1.35.

Wall Street Analysts Forecast Growth

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

About Hercules Capital

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.