Ex-Dividend Date Insight: Horizon Tech Finance

Horizon Tech Finance HRZN declared a dividend payable on August 16, 2021 to its shareholders as of April 27, 2021. It was also announced that shareholders of Horizon Tech Finance's stock as of July 20, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Horizon Tech Finance will be on July 19, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 7.53% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Horizon Tech Finance's Dividend Performance

Over the past year, Horizon Tech Finance has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 19, 2021 the company's payout was $0.1, which has returned to its value today. Horizon Tech Finance's dividend yield last year was 8.29%, which has since decreased by 0.76%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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