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:
10% Yield, Strong Earnings, Monthly Dividends Steady
Posted by D4L | Monday, September 21, 2020 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Chasing growth is usually the right move for younger investors, but it can be a risky strategy for retirees. Generally speaking, retirees sh...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.