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Cash Dividend On The Way From Horizon Technology Finance (HRZN)
Tuesday, June 13, 11:16 AM ET, by Market News Video Staff

On 6/15/23, Horizon Technology Finance Corporation (HRZN) will trade ex-dividend, for its monthly dividend of ...

Horizon Technology Finance About To Put More Money In Your Pocket (HRZN)
Thursday, July 13, 10:02 AM ET, by Market News Video Staff

On 7/17/23, Horizon Technology Finance Corporation (HRZN) will trade ex-dividend, for its monthly dividend of ...

Upcoming Dividend Run For HRZN?
Tuesday, August 1, 8:33 AM ET, by Market News Video Staff

This morning a "Potential Dividend Run Alert" went out for Horizon Technology Finance Corporation (NASD: ...

Horizon Technology Finance Corporation Breaks Below 200-Day Moving Average - Notable for HRZN
Monday, August 7, 4:32 PM ET, by Market News Video Staff

In trading on Monday, shares of Horizon Technology Finance Corporation (HRZN) crossed below their 200 ...

Horizon Technology Finance About To Put More Money In Your Pocket (HRZN)
Monday, August 14, 10:20 AM ET, by Market News Video Staff

On 8/16/23, Horizon Technology Finance Corporation (HRZN) will trade ex-dividend, for its monthly dividend of ...

Horizon Technology Finance Named Top Dividend Stock With Insider Buying and 6.83% Yield (HRZN)

By Dividend Channel Staff, Thursday, June 17, 10:57 AM ET
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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Horizon Technology Finance Corporation (NASDAQ:HRZN), which saw buying by Chief Executive Officer Robert D. Pomeroy Jr..

Back on May 6, Pomeroy Jr. invested $50,666.00 into 3,100 shares of HRZN, for a cost per share of $16.34. In trading on Thursday, shares were changing hands as low as $17.35 per share, which is 6.2% above Pomeroy Jr.'s purchase price. It should be noted that Pomeroy Jr. has collected $0.20/share in dividends since the time of their purchase, so they are currently up 7.4% on their purchase from a total return basis. Horizon Technology Finance Corporation shares are currently trading -0.46% on the day. The chart below shows the one year performance of HRZN shares, versus its 200 day moving average:

Horizon Technology Finance Corporation Chart

Looking at the chart above, HRZN's low point in its 52 week range is $10.44 per share, with $17.95 as the 52 week high point — that compares with a last trade of $17.49. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/05/2021 Gerald A. Michaud President 11,300 $13.30 $150,290.00
03/05/2021 Robert D. Pomeroy Jr. Chief Executive Officer 5,000 $13.25 $66,250.00
05/04/2021 Gerald A. Michaud President 2,500 $16.19 $40,475.00
05/06/2021 Robert D. Pomeroy Jr. Chief Executive Officer 3,100 $16.34 $50,666.00

The DividendRank report noted that among the coverage universe, HRZN shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent HRZN share price of $17.57 represents a price-to-book ratio of 1.6 and an annual dividend yield of 6.83% — by comparison, the average company in Dividend Channel's coverage universe yields 3.3% and trades at a price-to-book ratio of 2.7. The report also cited the strong monthly dividend history at Horizon Technology Finance Corporation, and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Horizon Technology Finance Corporation is $1.2/share, currently paid in monthly installments, and its most recent dividend ex-date was on 06/16/2021. Below is a long-term dividend history chart for HRZN, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


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