Friday Is Your Last Chance To Buy Horizon Tech Finance Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Horizon Tech Finance (NASDAQ:HRZN) announced a monthly dividend of 11 cents per share, with the ex-dividend date set for Monday. Shareholders owning HRZN by the end of Friday are eligible for the payout on April 16, 2024. The stock is expected to open 11 cents lower on Monday to reflect the dividend payout.
March 13, 2024 | 2:45 pm
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Horizon Tech Finance announces an 11 cents per share monthly dividend, with the ex-dividend date on Monday. Eligible shareholders must own the stock by end of Friday for the April 16, 2024 payout.
The announcement of the dividend and the subsequent ex-dividend date typically leads to a short-term price adjustment in the stock. In this case, HRZN is expected to open 11 cents lower on Monday, reflecting the dividend payout. This price adjustment is a common occurrence around ex-dividend dates and is likely to cause a temporary dip in the stock price.
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