An 11% Monthly Dividend Stock with Growth: Is HRZN a Good Pick?

In this video we’re going to take a look at Horizon Technology Finance, ticker symbol HRZN. This is a pretty popular request that I get from people on YouTube as well as some people on our Patreon. So I figured it would be a good idea to go in depth on this stock and dedicate a video to it since it offers a lot of really attractive features. Their stock currently offers a dividend yield exceeding 11%, and it pays monthly dividends. Plus they also had a dividend increase less than a year ago. So let’s take a deeper look at HRZN and see if this is a stock worthy of consideration for investors seeking income or growth. With that being said, let’s get into it.

Horizon Technology Finance Corporation is a business development company that specializes in lending and investing in development-stage investments. They’re a leading provider of secured loans to venture capital-backed and private equity-backed growth-stage companies. They focus on making secured debt and venture lending investments to venture capital-backed companies in the technology, life science, healthcare information, and sustainability industries. Additionally they generate attractive risk-adjusted returns through additional capital appreciation through warrants. The company was founded in 2008 and had its IPO in 2010.

#dividendinvesting #dividends #dividendstocks

[me]

I have HRZN, and I really love it. The biggest reason I am an investor is because it's in my line of work. My primary fields are electrochemistry, molecular physics, chemical engineering, and materials science. In a sense, I see the work I do as pumping the stock. That said, I only buy this through my Roth. Not sure I'd buy it via my regular account.

[BenAD]

I have a few shares of HRZN and I've been very happy with it. Im glad you covered it.

[Nemo-ynsp]

I've had HRZN since 2020 and now it's my largest position in my monthly payer account, about 3% of my entire portfolio, which seems just right. It pays in the middle of the month, same as MAIN & O, which is handy. Thanks for the analysis!

[adamlancellotta]

I have HRZN in my portfolio too. Happy with it so far.

[jeffaragon]

Hey bud I just found this video lol by chance maybe you can do an updated video for 2024 for HRZN

[KallMeKurtis]

I am a daily buyer of HRZN, I make daily contributions. Another great BDC is Bain, BCSF

[peoriaos]

Thanks. A new one I've just picked up is BXSL.. A real gem. Also, I get qualified dividends from 2 BDCs... OBDC and CION, although I don't hold a lot in the latter.

[JiveCinema]

Nice analysis. I'll put them on the watch list.

[rockystaatz]

I guess I should have bought it when I first heard about it

[genxtech]

I keep this one, currently have it at about 1/15th of overall portfolio size.

[afindlay]

I have a small amount of HRZN. Buying a few a month with a goal of maybe 100 or so then will just DRIP 😂 I have a general target of 100 stock each of a list of higher paying dividend stocks. From there focus on DRIP and buy the ones which are performing well or use dividend to buy into slightly riskier plays so I don't feel like have lost anything if they do not perform as well as hoped. 😂

[theocratickingdom]

It is one of my smallest positions. I do like the company though. I just don't think it will ever be a large position in my portfolio.

[MuzixMaker]

Own it, and HGLB and TRIN. Only downside is not much div growth.

[KnightsOffical]

How to get qualified for speciall dividend that they give once per year ?

[Cloudlifemusic]

If you compound your dividend with the company and add to it every month the growth would be crazy

[MYS-rnjl]

If there is a recession, which is much talked about, it will not be easy for this company. Now NASDAQ has started to move down. I'm still sitting on the fence and watching. I buy other larger issuers on drawdown. There is a choice. The same QQQX for example.

[krakhour]

Zacks likes OFS and GLAD gives them both a 1 strong buy for loan growth and low debt on loan originations.. Please tell me what you think dividend bull.

[grimmthefallen]

I have 200 ... its 22 bucks a month like clockwork

[oSayNoMoreo]

HRZN has had terrible Free Cash Flow for the past 5 quarters but have good debt for a BDC and over the past 5 quarters have had increasing net income.
PSECs is a close competitor to Horizon for the past 5 quarters they have Free Cash Flow for a BDC but over the past 5 quarters they have not so good net income.

[Krisq]

Brother, please cover $HE Hawaiian Electric, their div jumped from 4% to 15% …highest div yield from a utility stock, on the planet 🌋