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

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Tuesday, February 11th,RTT News reports. Shareholders of record on Wednesday, February 26th will be given 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 yield of 8.97%. The ex-dividend date of this dividend is Wednesday, February 26th.

Hercules Capital has raised its dividend payment by an average of 14.4% per year over the last three years. Hercules Capital has a dividend 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. Equities 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 Up 0.4 %

HTGC opened at $20.96 on Thursday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 10.38 and a beta of 1.35. The firm has a 50 day moving average price of $20.16 and a 200-day moving average price of $19.61. Hercules Capital has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

Wall Street Analysts Forecast Growth

HTGC has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and increased their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th.

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.