HRZN BDC — Horizon Technology Finance Corporation

Horizon Technology Finance Corporation (HRZN)

Updated October 16, 2026.

HRZN is a BDC. its distribution rate is 22.84%, its trailing-12-month yield is 22.84%. Dividend Vision Distribution Safety Score™ is 21/100 (Elevated risk). Total return is 62.8% over the past 16 years, 690.3 points behind SPY at 753.1%.

At the published price, recorded trailing 12-month cash corresponds to $2,284 per $10,000. Past cash distributions do not establish future income.

HRZN performance versus SPY

Price and return data through 2026-10-16.

Total return is 62.8% over the past 16 years, 690.3 points behind SPY at 753.1%. Over the past year its total return — price change plus distributions reinvested — is -9.6%. Its deepest 1-year drawdown was 39.8%.

HRZN key facts

Distribution Safety Score™

21 · Elevated risk

Safety-Adjusted Yield

4.80%

Issuer

Horizon Technology Finance

Asset type

BDC

Asset class

Equity

Distribution rate

22.84%

Distribution frequency

Monthly

Trailing yield

22.84%

5-year average yield

12.19

Last close

$4.29 (stale; as of 2026-10-16)

Market cap

$287,575,470

Average volume

576700.0

Dividend

$0.06

Ex-dividend date

10/16/2026

Payment date

11/16/2026

Beta

0.989

Payout ratio

30.5%

P/E ratio

14.79

Forward P/E

5.9102

EPS

$0.29

How Dividend Vision calculates yield and returns

Distribution rate (22.84%) uses trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-10-16. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (22.84%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Horizon Technology Finance; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HRZN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 39.8%.

Who may consider HRZN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on HRZN

• All tickers starting with H

Tagged: BDC, Dividend.

Frequently asked questions

More securities from Horizon Technology Finance.