SmarterDividends
HRZN

Horizon Technology Finance Corporation

HRZN

Financial Services · Asset Management · Stock · monthly payer

$3.94

Undervalued · +58% Add to Portfolio

Forward Yield

18.32%

Annual Dividend

$0.72

Payout Ratio

386%

5-Yr Growth

1.1%

Ex-Date

Nov 17, 2026

Frequency

Monthly

Key facts about HRZN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Horizon Technology Finance Corporation (HRZN) has a forward dividend yield of 18.32%, based on an annual dividend of $0.72 per share and a share price of $3.94.
  • As of Oct 27, 2026, HRZN's dividend safety grade from SmarterDividends is D (43 out of 100), which rates the dividend as unsafe.
  • HRZN last cut its regular dividend in 2017.
  • HRZN's next ex-dividend date is Nov 17, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, HRZN pays out 386% of its trailing 12-month earnings as dividends (its payout ratio).
  • HRZN's dividend has grown at an average rate of 1.1% a year over the past five years.
  • As of Oct 27, 2026, HRZN's 18.32% yield is 56% above its five-year average yield of 11.74%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for HRZN is $6.21 per share, 58% above the $3.94 share price, so HRZN screens as undervalued.
  • Horizon Technology Finance Corporation (HRZN) pays its dividend monthly, 12 times a year.
  • Horizon Technology Finance Corporation (HRZN) has raised its regular dividend 5 times and cut it 3 times across the 174 payments on record since 2010. Its most recent change was a 50.0% increase to $0.0900 per share, going ex-dividend on Jun 17, 2026. The last cut went ex-dividend on Mar 16, 2026.
Cite this page

SmarterDividends, "HRZN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/HRZN

Summary

As of Oct 27, 2026, Horizon Technology Finance Corporation (HRZN) yields 18.32% ($0.72 a year per share) and has a dividend safety grade of D (43/100).

Is HRZN a good dividend stock?

Mixed

Horizon Technology Finance Corporation (HRZN) pays a monthly dividend yielding 18.32% ($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 (386%)
    • 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
    18.32%
    Payout Ratio
    386%
    Annual Dividend
    $0.72
    5-Yr Avg Growth
    1.1%
    Ex-Dividend Date
    Nov 17, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.99
    Market Cap
    $268.9M
    P/E Ratio
    13.6
    5-Yr Total Return
    -77%
    52-Week Range
    $3.80 – $6.85
    Dividend Safety
    D · 43/100
    Ever Cut?
    Yes (2017)

    HRZN dividend raises and cuts

    Horizon Technology Finance Corporation (HRZN) has raised its regular dividend 5 times and cut it 3 times across the 174 payments on record since 2010. Its most recent change was a 50.0% increase to $0.0900 per share, going ex-dividend on Jun 17, 2026. The last cut went ex-dividend on Mar 16, 2026.

    Ex-dateChangeOld → newMove
    Jun 17, 2026Raise$0.0600 → $0.0900+50.0%
    Mar 16, 2026Cut$0.110 → $0.0600−45.5%
    Dec 16, 2022Raise$0.100 → $0.110+10.0%
    Dec 16, 2016Cut$0.115 → $0.100−13.0%
    Jan 16, 2013Cut$0.450 → $0.115−74.4%
    Nov 21, 2011Raise$0.400 → $0.450+12.5%
    Aug 19, 2011Raise$0.330 → $0.400+21.2%
    May 17, 2011Raise$0.220 → $0.330+50.0%
    Every HRZN payment →Download every raise and cut (CSV)
    HRZN ex-dividend date & scheduleNext ex-date Nov 17, 2026 · full ex-dividend historyView →HRZN dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is HRZN a good dividend stock?

    Mixed. Horizon Technology Finance Corporation (HRZN) pays a monthly dividend yielding 18.32% ($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.

    Is HRZN undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HRZN's fair value is about $6.21 versus a $3.94 share price — so it looks undervalued (+58% vs. fair value).

    Is HRZN's dividend safe?

    HRZN has a dividend-safety grade of D (43/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2017, debt and yield-versus-history.

    What is HRZN's fair value?

    Our blended fair-value estimate for HRZN is about $6.21 per share, roughly 58% above the current $3.94 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is HRZN a buy, hold, or sell?

    We don't issue formal ratings, but on the data HRZN screens as "mixed" and undervalued. Horizon Technology Finance Corporation (HRZN) pays a monthly dividend yielding 18.32% ($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. This is research for your own analysis, not investment advice.

    Will HRZN cut its dividend?

    HRZN earns a dividend-safety grade of D (43/100), and has cut its dividend before (last in 2017). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does HRZN pay a dividend?

    Yes. Horizon Technology Finance Corporation pays a monthly dividend of about $0.72 per share annually, a forward yield of roughly 18.32%.

    What is HRZN's dividend yield?

    As of Oct 27, 2026, HRZN's forward dividend yield is 18.32%, based on a $0.72 annual dividend and a $3.94 share price.

    What is HRZN's dividend per share?

    As of Oct 27, 2026, HRZN pays $0.72 per share per year, distributed on a monthly basis.

    What is HRZN's dividend payout ratio?

    As of Oct 27, 2026, HRZN's payout ratio is 386% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has HRZN grown its dividend?

    HRZN does not currently have a long dividend-growth streak on record.

    When is the next HRZN ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for HRZN is Nov 17, 2026.

    Income Calculator

    At $0.72 / yr per share

    Per payment (monthly)$6.00
    Annual$72.00
    Monthly avg$6.00

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