HRZN Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for Horizon Technology Finance Corporation (HRZN). Pre-filled with HRZN’s current yield of about 23.80% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
HRZN dividend: yield, amount & dates
Snapshot of Horizon Technology Finance Corporation (HRZN) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
HRZN dividend income calculator
Pre-filled with HRZN’s current yield of about 23.80%. See the income an amount of Horizon Technology Finance Corporation would pay, or how much you’d need for a target monthly income.
HRZN dividend history by year
Per share, grouped by ex-dividend date, with regular and special payments on the same date counted together. 2024 includes a $0.05 special in March.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Sep 16, 2026 | $0.76 | — | 9 |
| 2025 | $1.32 | -3.6% | 12 |
| 2024 | $1.37 | — | 12 |
Did HRZN cut its dividend?
Yes. Through 2024 and 2025, Horizon paid $0.11 a share every month. On March 3, 2026, its board set the monthly payout at $0.06 instead, starting with the payment that went ex on March 16. Horizon said the level took into account its planned merger with Monroe Capital Corporation, which closed on April 14, 2026.
Since June, Horizon has added a $0.03 special each month, paid from what it calls spillover income, earnings it had not yet paid out. So the monthly check is now $0.09: $0.06 regular plus $0.03 special.
HRZN dividend history
Horizon paid $1.37 a share in 2024, twelve months of $0.11 plus a $0.05 special. 2025 was $1.32, down 3.6%, with no special.
In 2026 the first two months were still $0.11. Then came three months of $0.06 and, from June, four months of $0.09. The nine payments through September 16 add up to $0.76 per share.
How safe is the HRZN dividend?
This page does not give advice, but Horizon’s own numbers explain the cut. In the second quarter of 2026 its net investment income was $0.11 a share, which included $0.07 of one-time merger costs. Horizon said that, without those costs, income covered its regular payouts.
Net asset value fell to $6.23 a share on June 30, 2026, from $6.98 at the end of 2025. Horizon blamed much of the drop on bad news at one portfolio company. It still had spillover income of $0.33 a share to fund specials, and it bought back about 1.37 million shares at an average of $4.54.
How often does HRZN pay a dividend?
Every month. Horizon declares three months at a time, and each payment goes ex around the middle of the month before it is paid. For October through December 2026 it declared $0.06 regular plus $0.03 special each month.
The October 2026 payment had a September 16 ex-date and was paid on October 15.
HRZN dividend yield
Horizon paid $1.09 a share over the 12 months to Oct 13, 2026. At a share price around $4.58, the trailing figure works out to roughly 23.80%. Much of that came at the old $0.11 rate.
The regular $0.06 a month alone comes to $0.72 a year, about 15.72% at that price. The specials add $0.36 a year while they last.
For 2024 to 2026, dividendhistory.org and digrin.com list the same Horizon payments, and the latest 20 match stockanalysis.com. The cut, specials and merger come from Horizon’s SEC filings. Last checked Oct 16, 2026. Sources: SEC — Horizon distributions for April–June 2026 (Mar 3, 2026); SEC — Horizon distributions for October–December 2026 (Aug 4, 2026); SEC — Horizon closes merger with Monroe Capital Corporation (Apr 14, 2026); SEC — Horizon second-quarter 2026 results (Aug 4, 2026); dividendhistory.org — HRZN payouts; digrin.com — HRZN dividends. Not financial advice.
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HRZN dividend snapshot
Variable distributionAs of Oct 13, 2026, HRZN yields about 23.80%, having distributed $1.09 per share over the trailing twelve months.
Its most recent payment was $0.09 per share, which went ex-dividend on Sep 16, 2026 and paid on Oct 15, 2026.
Because HRZN pays a variable monthly distribution, the amount changes every period — its recent payments have ranged from $0.06 to $0.09 per share. Treat the headline yield as a record of what was paid, not a promise of future income.
As a monthly-paying BDC, HRZN pairs an above-average yield with income taxed largely as ordinary income rather than as qualified dividends — so set the price-growth input in the calculator above conservatively rather than assuming the yield compounds untouched.
Based on HRZN’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About HRZN
Horizon Technology Finance is a business development company (BDC) that makes secured venture loans to venture-capital-backed companies in technology, life sciences, healthcare, and sustainability, and pays a monthly dividend. Its distributions are generally taxed as ordinary income.
HRZN is a monthly-paying bdc from Horizon Technology Finance that distributes monthly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for HRZN: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.
How to use the HRZN calculator
- Replace the pre-filled yield with HRZN’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a monthly-paying bdc these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
HRZN dividend FAQ
- Does Horizon Technology Finance pay monthly?
- Yes. It pays every month; in late 2026 that is $0.06 regular plus a $0.03 special.
- Why did HRZN cut its dividend?
- Horizon set the lower $0.06 monthly rate in March 2026, saying it took into account its merger with Monroe Capital Corporation. Its board says it sets payouts based on results, spillover income and the longer-term outlook.
- Who manages Horizon after the merger?
- Horizon remains externally managed by Horizon Technology Finance Management LLC and describes itself as an affiliate of Monroe Capital.
- How does this HRZN dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with HRZN's current yield (about 23.80% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for HRZN?
- As of Oct 13, 2026, HRZN's dividend yield was about 23.80% ($1.09 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. Enter the trailing or forward yield, whichever you prefer to model.
- How often does HRZN pay dividends, and when?
- Horizon Technology Finance Corporation pays a monthly (varies) dividend; its most recent payment was $0.09 per share, ex-dividend Sep 16, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the HRZN projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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