Horizon Technology Finance Corporation
HRZNFinancial Services · Stock · monthly payer
Forward Yield
15.45%
Annual Dividend
$0.72
Payout Ratio
225%
5-Yr Growth
1.1%
Ex-Date
Aug 17, 2026
Frequency
Monthly
Summary
As of July 2026, Horizon Technology Finance Corporation (HRZN) yields 15.45% ($0.72 per share annually), with a blended fair-value estimate of $4.83 — +4% upside, so it screens as fairly valued. Dividend safety grade: C (57/100).
Is HRZN a good dividend stock?
MixedHorizon Technology Finance Corporation (HRZN) pays a monthly dividend yielding 15.45% ($0.72/yr), with 0 years of growth and a dividend-safety grade of C. 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 (225%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 15.45%
- Payout Ratio
- 225%
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- 1.1%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.96
- Market Cap
- $318.1M
- P/E Ratio
- —
- 5-Yr Total Return
- -73%
- 52-Week Range
- $3.80 – $8.46
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
HRZN Price — Last 12 Months
Daily close
Price Return
1 Year
-32%
3 Years
-61%
5 Years
-73%
52-Week Range
$3.80 – $8.46
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 $4.83 per share, versus a market price of $4.66. That implies the stock is roughly fairly priced.
Fair Value
$4.83
Current Price
$4.66
Gap
+4%
Margin of Safety
3%
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.
At today's price, the market is pricing in about 1.7% 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, -$0.14 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
Borderline
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 |
|---|---|---|---|
| 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 |
| Jun 16, 2025 | — | $0.1100 | regular |
Income Calculator
At $0.72 / yr per share
