10% Yield, Strong Earnings, Monthly Dividends Steady

Looking for some income from technology? Join the club - we've all heard about how tightfisted tech firms are with their payouts. With the tech sector propelling the market upward in 2020, it sure would be nice to earn a few bucks in income along the way. This company's management already declared the regular $.10 monthly distributions for September, October, and November. It has strong 1.22X NII/ distribution coverage, much higher than many other BDCs. Net investment income increased 33% in Q1-2 2020, vs. Q1-2 2019. Lowest credit tier companies are just 2.1% of the total debt portfolio.

Horizon Technology Finance (HRZN), a Business Development Company, or BDC, which makes secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. While HRZN still trails the S&P 500 in 2020 and over the past year, it's up 9.7% over the past quarter, and has greatly outperformed the Wells Fargo Business Development Company ETN, BDCS.

Source: Seeking Alpha

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