The company reported solid results for its fourth fiscal quarter. The business development company once again covered its dividend payout with both net investment income and distributable net operating income. Portfolio quality remained exceptional in the last quarter. Shares are not cheap, but the price tag is justified. An investment in the stock yields 9.4 percent.
Hercules Capital, Inc. (HTGC) remains a "Strong Buy" for investors seeking exposure to a high-yield business development company that produces high, recurring dividend income for its investors. Hercules Capital reported solid financial results for its fiscal fourth quarter in February, and the BDC once again covered its dividend payout with both net investment income and distributable net operating income. Hercules Capital further retains considerable NII-upside in a rising rate environment which could yield a dividend raise or a special dividend. An investment in HTGC yields 9.4 percent.
Source: Seeking Alpha
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