It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. Horizon balances its inherent optimism with a selective origination and a rigorous underwriting process. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. The Registered Agent on file for this company is Ali Mokbel and is located at 6127 Orchard, Dearborn, MI 48126. © Copyright 2020: Income Investors. In other words, the pass-through structure of BDCs is one of the reasons behind HRZN stock’s oversized dividends. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. You can opt-out at anytime. 1818 Library Street On corrections up, there will be some resistance from the lines at $11.73 and $12.31. Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. CEO of IntelePeer. Here’s the neat part: because Horizon is structured as a business development company (BDC), it must return at least 90% of its profits to investors through dividends. CFO and Chief Operating Officer of Palatin, CFO and Chief Operating Officer of Palatin, Security: First lien or first lien behind a bank revolver. 47912 Halyard Dr, Suite 100 Plymouth, Michigan 48170. Well, on November 3, the company announced that its board of directors declared monthly cash dividends of $0.10 per share, payable in January, February, and March 2021. https://www.incomeinvestors.com/horizon-technology-finance-corp-solid-10-percent-yielder/58857/, Horizon Technology Finance Corp: Solid 10.3% Yielder with Monthly Payments. Horizon Technology Finance Corporation ('Horizon') is a closed-end, externally managed investment company that primarily makes secured loans to development-stage companies in the technology, life science healthcare information and services and cleantech industries. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. At the end of September, the company’s debt portfolio consisted of 34 secured loans, with an aggregate fair value of $298.9 million. 349 Main Street No credit card required. Lending to venture-capital-backed companies in fast-growing industries is very lucrative. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. The company's filing status is listed as Automatic Dissolution and its File Number is 429505. At the same time, it makes more frequent distributions than most companies. The company's filing status is listed as Automatic Dissolution and its File Number is 320100. Get Horizon Technology Finance Corp (HRZN:NASDAQ) real-time stock quotes, news and financial information from CNBC. Megan Bacon - Marketing Support Manager. Alternative fuels, energy efficiency, green building materials, agbio, foodtech, water technology, and other related sustainability technologies. Dan Trolio 94566, Horizon Technology Finance Horizon Technology Finance Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. Horizon’s financing solutions are tailored to each company’s unique funding needs and business and development plans. Meanwhile, the company had warrant, equity, and other investments totaling $12.9 million in aggregate fair value. View mutual fund news, mutual fund market and mutual fund interest rates. Horizon Technology Finance Corp HRZN:NASDAQ. Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. Horizon Applied Technology Corp. is a Michigan Domestic Profit Corporation filed on April 1, 1992. Diagnostics, medical records, digital health, patient management software. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. After all, a 10-year U.S. government bond yields a measly 0.8%, while the average dividend yield of S&P 500 companies stands at just 1.7%. Horizon’s selective origination ensures that Horizon and its prospect are not spending valuable time and energy when venture debt is not the right solution. Of course, high-yield stocks are not really known for their dividend safety, especially in this year’s challenging economic environment caused by COVID-19. You can opt-out at anytime. The Registered Agent on file for this company is Mike Nazha and is located at 6613 Barrie, Dearborn, MI 48126. Biotechnology, medical device, drug delivery, genetics, specialty pharmaceuticals, R&D instrumentation. This upfront communication serves as a gateway to a smooth underwriting and approval process. Business Description Horizon Technology Finance Corp. is a finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. Like its portfolio companies, Horizon is optimistic and forward-looking. That being said, a covered 10.3% yield—combined with a monthly distribution schedule—makes Horizon Technology Finance Corp stand out among today’s dividend stocks. In the third quarter of 2020, the annualized portfolio yield on Horizon’s debt investments was 15.1%. We’re an award-winning investment solutions provider, dedicated to making an impact on the people and communities we touch. Horizon offers growth-oriented loans to finance a variety of business activities. Horizon’s venture debt products have become a valuable tool in the equity investors’ toolbox to fund the growth of its portfolio companies, while maximizing returns on equity. Suite 203 Horizon Technology Finance Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The distribution level reflects our outlook for the remainder of 2020 and the beginning of 2021 and our spillover income at September 30. Horizon provides portfolio companies with meaningful debt capital that can be used like equity capital, but that has a much lower cost and dilution to investors and employees. Horizon’s goal is not to simply get a deal done, but to provide a successful financing solution that will propel a portfolio company forward. Barron's provides information on holdings, historical returns and other key fund data. About Horizon Technology Finance. We hate spam as much as you do. With HRZN stock trading at $11.66 per share, those monthly dividends come out to an annual yield of 10.3%. Reston, VA Machine learning, cloud computing and storage, communications/wireless, cybersecurity, data analytics, internet and media, networking, software and other related emerging technologies. If you follow double-digit yielders, you’d know that, in recent months, dividend cuts have not been uncommon. Main: (734) 656-3000 corpcomm@horizonglobal.com © Horizon Global Horizon realizes that the success of its portfolio companies is not solely dependent on financing alone. 20190, “With their experience in lending to healthcare and technology companies, Horizon was able to structure a financing facility that met our specific needs.”, Steve Krupa Well, according to its latest earnings report, Horizon Technology Finance Corp generated net investment income of $0.34 per share in the third quarter of 2020. CEO of IgnitionOne, “We are excited to have Horizon as a financial partner given its considerable experience with companies bringing new, innovative technologies to market.”, Fred Dinger Company Participants. Horizon has been focused on the data center for over 20 years, working with the most recognizable names in the industry. This is a look at Horizon Technology Finance Corp (NASDAQ:HRZN), a monthly dividend stock with an annual yield of 10.3%. Oasis Midstream Partners LP: Is This 20% Yield for Real? Horizon Technology Finance Corp is a specialty finance company. 3 High-Yield Pipeline Stocks Paying Up to 15%, Retailer Issues Massive $4.4-Billion Special Dividend to Shareholders, These Are the Highest-Yielding Consumer Staples Stocks, Insurer Authorizes Special Dividend to Shareholders, Main Street Capital Corporation: Monthly Dividend Stock Yields 7.7%, Enable Midstream Partners LP: This 11.3% Yielder Looks Interesting, Realty Income Corp: Delivering 3 Consecutive Dividend Hikes Despite the Pandemic, Johnson & Johnson: 3 Reasons to Check Out This Dividend Giant Now. Undistributed spillover income can be used to fund shareholder distributions in future periods, providing an additional level of dividend safety. Horizon’s experienced team of investment and operations professionals has been providing debt capital to some of the most exciting companies for decades. Senior Vice President & CFO Commenting on the HRZN stock distribution policy, Horizon’s chairman and CEO, Robert Pomeroy, said, “It is our board’s policy to make distributions in amounts that can be covered by NII over time. (Source: “S&P 500 Dividend Yield,” multpl.com, last accessed November 11, 2020.). Dividend Stocks,Horizon Technology Finance Stock, https://www.incomeinvestors.com/wp-content/uploads/2020/11/green-money-american-money-cash-money-stacks-of-money_t20_G0Ko9o-150x150.jpg, Horizon Technology Finance Announces Monthly Distributions for January, February and March 2021 Totaling $0.30 per Share, Horizon Technology Finance Announces Third Quarter 2020 Financial Results, Horizon Technology Finance Corp (HRZN) CEO Robert Pomeroy on Q3 2020 Results – Earnings Call Transcript. 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