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flag Horizon Tech Finance declares $0.11 monthly dividend, 12% yield, raises concerns with 99.2% payout ratio.

flag Horizon Technology Finance Co. (HRZN) declared a monthly dividend of $0.11 per share, payable on October 16 to stockholders on record as of September 16. flag This amounts to an annual dividend of $1.32, yielding 12.00%. flag While the company has increased dividends by an average of 3.2% annually, its 99.2% payout ratio raises concerns about future sustainability, as expected earnings of $1.31 per share may not cover the dividend in the coming year.

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