Horizon Technology Finance Corporation
HRZNFinancial Services · Stock · monthly payer
Forward Yield
15.03%
Annual Dividend
$0.72
Payout Ratio
289%
5-Yr Growth
1.1%
Ex-Date
Sep 16, 2026
Frequency
Monthly
Summary
As of September 2026, Horizon Technology Finance Corporation (HRZN) yields 15.03% ($0.72 per share annually), with a blended fair-value estimate of $4.88 — +4% upside, so it screens as fairly valued. Dividend safety grade: D (46/100).
Is HRZN a good dividend stock?
MixedHorizon Technology Finance Corporation (HRZN) pays a monthly dividend yielding 15.03% ($0.72/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2017
- Elevated payout ratio (289%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 15.03%
- Payout Ratio
- 289%
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- 1.1%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.96
- Market Cap
- $325.8M
- P/E Ratio
- 12.8
- 5-Yr Total Return
- -71%
- 52-Week Range
- $3.80 – $7.07
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
HRZN Price — Last 12 Months
Daily close
Price Return
1 Year
-23%
3 Years
-60%
5 Years
-71%
52-Week Range
$3.80 – $7.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HRZN worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Horizon Technology Finance Corporation is $4.88 per share, versus a market price of $4.70. That implies the stock is roughly fairly priced.
Fair Value
$4.88
Current Price
$4.70
Gap
+4%
Margin of Safety
4%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.2% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.1% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.36 EPS, $0.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HRZN Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $0.0900 | regular |
| Jul 16, 2026 | — | $0.0900 | regular |
| Jun 17, 2026 | — | $0.0900 | regular |
| May 18, 2026 | — | $0.0600 | regular |
| Apr 16, 2026 | — | $0.0600 | regular |
| Mar 16, 2026 | — | $0.0600 | regular |
| Feb 17, 2026 | — | $0.1100 | regular |
| Jan 16, 2026 | — | $0.1100 | regular |
| Dec 17, 2025 | — | $0.1100 | regular |
| Nov 17, 2025 | — | $0.1100 | regular |
| Oct 16, 2025 | — | $0.1100 | regular |
| Sep 17, 2025 | — | $0.1100 | regular |
| Aug 18, 2025 | — | $0.1100 | regular |
| Jul 16, 2025 | — | $0.1100 | regular |
Income Calculator
At $0.72 / yr per share
