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

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

Hercules Capital has raised its dividend payment 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. 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 Performance

Shares of HTGC stock opened at $20.84 on Wednesday. Hercules Capital has a 52 week low of $16.95 and a 52 week high of $21.78. The firm has a 50 day moving average of $20.12 and a two-hundred day moving average of $19.60. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.39 billion, a PE ratio of 10.31 and a beta of 1.35.

Wall Street Analyst Weigh In

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

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.