Horizon Tech Finance's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Horizon Tech Finance (NASDAQ:HRZN) announced it will pay shareholders a monthly dividend of 11 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 11 cents lower. Shareholders who own HRZN as of the end of Friday's session are eligible to receive the dividend payout. The dividend will be paid out on August 15, 2023.
July 12, 2023 | 2:46 pm
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Horizon Tech Finance's stock is expected to open lower on Monday due to the ex-dividend date. Shareholders as of Friday's session will receive an 11 cents per share dividend on August 15, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. After this date, the stock will likely trade lower to reflect the payout. As HRZN has announced its ex-dividend date as Monday, it is expected that the stock will open lower on that day. However, this is a regular event for dividend-paying stocks and does not reflect on the company's fundamentals.
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