Horizon Technology Finance Corporation, a leading specialty finance company providing capital to technology-related businesses, recently announced its financial results for the second quarter of 2021. The company reported earnings of $4.7 million, or $0.32 per share, for the quarter ending on June 30th.
These earnings reflect a significant increase from the $2.5 million, or $0.17 per share, reported in the same quarter last year. Horizon Technology Finance also reported total investment income of $11.5 million for the quarter, up from $9.5 million in the second quarter of 2020.
During the second quarter, Horizon Technology Finance made strategic investments in companies within the technology sector, continuing its mission to support innovative businesses in need of capital. The company’s strong performance during this period underscores its commitment to providing financing solutions to help tech companies grow and succeed.
In addition to its financial results, Horizon Technology Finance also announced the declaration of its regular monthly dividend for the third quarter of 2021. Shareholders will receive a dividend of $0.10 per share, payable on July 15th.
John Wallace, Horizon Technology Finance’s Chief Executive Officer, expressed optimism about the company’s performance in the second quarter and its outlook for the future. He highlighted the strong investment activity and robust portfolio performance as key drivers of the company’s success.
As tech companies continue to drive innovation and growth in the economy, Horizon Technology Finance remains dedicated to supporting their financial needs. The company’s solid earnings and dividend declaration demonstrate its commitment to providing value to shareholders while fueling the growth of technology businesses.
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