Hercules Technology Growth (HTGC) Declares $0.31 Quarterly Dividend; 10.4% Yield

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Go back to Hercules Technology Growth (HTGC) Declares $0.31 Quarterly Dividend; 10.4% Yield

Hercules Announces First Quarter 2016 Financial Results and Quarterly Dividend of $0.31 per Share

May 5, 2016 4:10 PM EDT

Strong Liquidity and Access to Capital Supports Portfolio and Earnings Growth Strategy

No Oil and Gas, or CLO Exposure

Q1 2016 Financial Highlights

$0.32 per share, or $22.7 million of Distributable Net Operating Income, or DNOI, a non-GAAP measure, an increase of 44% year-over-year $0.28 per share, or $20.1 million of Net Investment Income, or NII,, an increase of 55% year-over-year 20% increase in Total Investment Income for Q1 2016 of $38.9 million, as compared to $32.5 million in Q1 2015 ~$200 million of liquidity available for future portfolio... More