Hercules Capital Declares $0.08 Per Share Quarterly Dividend

Hercules Capital declares $0.08 per share quarterly dividend for Q2 2024, payable May 21 to shareholders of record as of May 14. This marks the company's continued commitment to providing consistent returns to its shareholders.

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Hercules Capital Declares $0.08 Per Share Quarterly Dividend

Hercules Capital Declares $0.08 Per Share Quarterly Dividend

Hercules Capital Inc. (NYSE: HTGC), a specialty finance company, has declared a quarterly cash dividend of $0.08 per share for the second quarter of 2024. The dividend will be payable on May 21, 2024, to shareholders of record as of May 14, 2024. The ex-dividend date is set for May 13, 2024.

Why this matters: This dividend declaration demonstrates Hercules Capital's commitment to providing consistent returns to its shareholders, which can have a positive impact on investor confidence in the specialty finance sector. As a leading provider of senior secured loans to high-growth companies, Hercules Capital's financial performance and dividend payouts can also influence the broader venture capital and startup ecosystem.

This dividend declaration is part of Hercules Capital's regular quarterly cash distributions to shareholders. The company has a history of consistently paying dividends to its investors. In the first quarter of 2024, Hercules Capital distributed a total of $0.48 per share, which included a base distribution of $0.40 per share and a supplemental distribution of $0.08 per share.

In the fourth quarter of 2023, the company also paid a total cash distribution of $0.48 per share, comprising a $0.40 per share base distribution and a $0.08 per share supplemental distribution. Additionally, Hercules Capital introduced a new supplemental cash distribution of $0.32 per share, to be distributed equally over four quarters starting from the fourth quarter of 2023. This supplemental distribution is in addition to the company's regular quarterly cash distributions.

As of May 10, 2024, Hercules Capital's share price stood at $19.90, representing a 46.54% increase over the past year. The company's institutional ownership structure shows that it has 310 institutional owners and shareholders, holding a total of 36,394,498 shares.

Hercules Capital is a leading specialty finance company that provides senior secured loans to high-growth, innovative venture capital-backed companies in various technology, life sciences, and sustainable and renewable technology industries. The company's investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity-related investments.

The declaration of the $0.08 per share quarterly dividend for the second quarter of 2024 demonstrates Hercules Capital's commitment to providing consistent returns to its shareholders. The company's strong financial performance and growing portfolio have enabled it to maintain a steady dividend payout, making it an attractive option for income-seeking investors in the specialty finance sector.