Hercules Capital, Inc.

HTGC

Financial Services · Asset Management · Stock · quarterly payer

$16.37

Undervalued · +45% Add to Portfolio

Forward Yield

11.48%

Annual Dividend

$1.88

Payout Ratio

94%

5-Yr Growth

6.4%

Ex-Date

Aug 11, 2026

Frequency

Quarterly

Key facts about HTGC's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Hercules Capital, Inc. (HTGC) has a forward dividend yield of 11.48%, based on an annual dividend of $1.88 per share and a share price of $16.37.
As of Oct 18, 2026, HTGC's dividend safety grade from SmarterDividends is D (48 out of 100), which rates the dividend as unsafe.
HTGC last cut its regular dividend in 2023.
HTGC's most recent ex-dividend date was Aug 11, 2026, for a dividend of $0.47 per share.
As of Oct 18, 2026, HTGC pays out 94% of its trailing 12-month earnings as dividends (its payout ratio).
HTGC's dividend has grown at an average rate of 6.4% a year over the past five years.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HTGC is $23.77 per share, 45% above the $16.37 share price, so HTGC screens as undervalued.
Hercules Capital, Inc. (HTGC) pays its dividend quarterly, 4 times a year.
Hercules Capital, Inc. (HTGC) has raised its regular dividend 24 times and cut it 7 times across the 85 payments on record since 2005. Its most recent change was a 17.5% increase to $0.470 per share, going ex-dividend on Feb 26, 2025. The last cut went ex-dividend on Nov 13, 2024.

Cite this page

SmarterDividends, "HTGC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HTGC

Summary

As of Oct 18, 2026, Hercules Capital, Inc. (HTGC) yields 11.48% ($1.88 a year per share) and has a dividend safety grade of D (48/100).

Is HTGC a good dividend stock?

Mixed

Hercules Capital, Inc. (HTGC) pays a quarterly dividend yielding 11.48% ($1.88/yr), with 1 year 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

Strong 6.4% 5-yr dividend growth

Risks

Cut its dividend in 2023
Elevated payout ratio (94%)
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: 11.48%
Payout Ratio: 94%
Annual Dividend: $1.88
5-Yr Avg Growth: 6.4%
Ex-Dividend Date: Aug 11, 2026
Years of Growth: 1
Frequency: quarterly
Beta: 0.76
Market Cap: $3.1B
P/E Ratio: 8.1
5-Yr Total Return: -0%
52-Week Range: $13.70 – $19.13
Dividend Safety: D · 48/100
Ever Cut?: Yes (2023)

HTGC dividend raises and cuts

Hercules Capital, Inc. (HTGC) has raised its regular dividend 24 times and cut it 7 times across the 85 payments on record since 2005. Its most recent change was a 17.5% increase to $0.470 per share, going ex-dividend on Feb 26, 2025. The last cut went ex-dividend on Nov 13, 2024.

Ex-date	Change	Old → new	Move
Feb 26, 2025	Raise	$0.400 → $0.470	+17.5%
Nov 13, 2024	Cut	$0.480 → $0.400	−16.7%
Aug 17, 2023	Raise	$0.470 → $0.480	+2.1%
Mar 1, 2023	Cut	$0.510 → $0.470	−7.8%
Nov 9, 2022	Raise	$0.500 → $0.510	+2.0%
Aug 8, 2022	Raise	$0.480 → $0.500	+4.2%
Mar 8, 2022	Raise	$0.400 → $0.480	+20.0%
Nov 9, 2021	Raise	$0.390 → $0.400	+2.6%
May 11, 2021	Raise	$0.370 → $0.390	+5.4%
Mar 5, 2021	Raise	$0.340 → $0.370	+8.8%
Nov 6, 2020	Raise	$0.320 → $0.340	+6.3%
May 13, 2020	Cut	$0.400 → $0.320	−20.0%

Show all 31 changes since 2006

Ex-date	Change	Old → new	Move
Feb 28, 2020	Raise	$0.350 → $0.400	+14.3%
Nov 7, 2019	Raise	$0.340 → $0.350	+2.9%
Aug 9, 2019	Raise	$0.330 → $0.340	+3.0%
May 10, 2019	Raise	$0.310 → $0.330	+6.5%
Mar 1, 2019	Cut	$0.330 → $0.310	−6.1%
Nov 8, 2018	Raise	$0.310 → $0.330	+6.5%
Nov 14, 2013	Raise	$0.280 → $0.310	+10.7%
Aug 9, 2013	Raise	$0.270 → $0.280	+3.7%
May 10, 2013	Raise	$0.250 → $0.270	+8.0%
Mar 7, 2013	Raise	$0.240 → $0.250	+4.2%
May 16, 2012	Raise	$0.230 → $0.240	+4.3%
Mar 8, 2012	Raise	$0.220 → $0.230	+4.5%
Mar 8, 2011	Raise	$0.200 → $0.220	+10.0%
Feb 17, 2010	Raise	$0.0400 → $0.200	+400.0%
Dec 22, 2009	Cut	$0.300 → $0.0400	−86.7%
May 13, 2009	Cut	$0.320 → $0.300	−6.3%
Feb 19, 2009	Cut	$0.340 → $0.320	−5.9%
May 14, 2008	Raise	$0.300 → $0.340	+13.3%
Jan 4, 2006	Raise	$0.0250 → $0.300	+1100.0%

Every HTGC payment →Download every raise and cut (CSV)

HTGC ex-dividend date & scheduleNext ex-date Aug 11, 2026 · full ex-dividend historyView →HTGC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HTGC a good dividend stock?

Mixed. Hercules Capital, Inc. (HTGC) pays a quarterly dividend yielding 11.48% ($1.88/yr), with 1 year 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 HTGC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HTGC's fair value is about $23.77 versus a $16.37 share price — so it looks undervalued (+45% vs. fair value).

Is HTGC's dividend safe?

HTGC has a dividend-safety grade of D (48/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is HTGC's fair value?

Our blended fair-value estimate for HTGC is about $23.77 per share, roughly 45% above the current $16.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HTGC a buy, hold, or sell?

We don't issue formal ratings, but on the data HTGC screens as "mixed" and undervalued. Hercules Capital, Inc. (HTGC) pays a quarterly dividend yielding 11.48% ($1.88/yr), with 1 year 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 HTGC cut its dividend?

HTGC earns a dividend-safety grade of D (48/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HTGC pay a dividend?

Yes. Hercules Capital, Inc. pays a quarterly dividend of about $1.88 per share annually, a forward yield of roughly 11.48%.

What is HTGC's dividend yield?

As of Oct 18, 2026, HTGC's forward dividend yield is 11.48%, based on a $1.88 annual dividend and a $16.37 share price.

What is HTGC's dividend per share?

As of Oct 18, 2026, HTGC pays $1.88 per share per year, distributed on a quarterly basis.

What is HTGC's dividend payout ratio?

As of Oct 18, 2026, HTGC's payout ratio is 94% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has HTGC grown its dividend?

As of Oct 18, 2026, HTGC has increased its dividend for 1 consecutive years.

When is the next HTGC ex-dividend date?

As of Oct 18, 2026, HTGC's next ex-dividend date hasn't been announced. The most recent was Aug 11, 2026, for $0.47 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full HTGC dividend history →

Ex-Date	Pay Date	Amount	Type
Aug 11, 2026	Aug 18, 2026	$0.4700	regular
May 14, 2026	May 21, 2026	$0.4700	regular
Feb 25, 2026	Mar 4, 2026	$0.4700	regular
Nov 12, 2025	Nov 19, 2025	$0.4700	regular
Aug 12, 2025	Aug 19, 2025	$0.4700	regular
May 13, 2025	May 20, 2025	$0.4700	regular
Feb 26, 2025	Mar 5, 2025	$0.4700	regular
Nov 13, 2024	Nov 20, 2024	$0.4000	regular
Aug 13, 2024	Aug 20, 2024	$0.4800	regular
May 13, 2024	May 21, 2024	$0.4800	regular
Feb 27, 2024	Mar 6, 2024	$0.4800	regular
Nov 14, 2023	Nov 22, 2023	$0.4800	regular
Aug 17, 2023	Aug 25, 2023	$0.4800	regular
May 15, 2023	May 23, 2023	$0.4700	regular