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
Related Articles:
Dividend Growth Stocks News
- 2 Magnificent S&P 500 Dividend Stocks Down 2% and 16% to Buy and Hold Forever - The Motley Fool - 7/23/2025
- Best Dividend Stocks Insider Stock Recommendations - Exceptional stock performance - Autocar Professional - 7/23/2025
- 3 Undervalued Canadian Dividend Stocks to Buy Now and Hold for Years - Yahoo.co - 7/23/2025
- Top Dividend Stocks in India High Yield Stock Investments - Breakthrough capital growth - Autocar Professional - 7/23/2025
- 13 Best Dividend Stocks to Buy Under $20 - Insider Monkey - 7/22/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
- Abbvie Inc. (ABBV) Dividend Stock Analysis - 6/13/2025
10% Yield, Strong Earnings, Monthly Dividends Steady
Posted by D4L | Monday, September 21, 2020 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.