Horizon Tech Finance: Dividend Insights
Portfolio Pulse from Benzinga Insights
Horizon Tech Finance (NASDAQ:HRZN) announced a monthly dividend of 11 cents per share, with Tuesday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Wednesday, likely opening 11 cents lower to reflect the payout. Shareholders owning HRZN by the end of Tuesday's session will receive the dividend on February 14, 2024.
January 12, 2024 | 2:45 pm
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Horizon Tech Finance will pay an 11 cents per share monthly dividend, with shares going ex-dividend on Wednesday, potentially opening 11 cents lower.
The stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a common occurrence as the dividend value is adjusted from the stock price. This is a short-term impact and is typically priced in by the market.
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