9.9%-Yield, Special Distribution, Strong Growth

This company recently reported strong Q2-2019 results. Its portfolio continued to perform: Credit quality remained very good, and the company outearned its dividend with NII and DNOI. The company declared a $0.02/share supplemental dividend. It is a higher-quality BDC, and shares are moderately valued. An investment in the stock yields 9.9 percent.

Hercules Capital, Inc. (HTGC) reported second quarter results last week that continue to support the bullish thesis with respect to valuation, yield, distribution coverage, portfolio quality and risk/reward. Hercules Capital outearned its (raised) quarterly distribution with both net investment income and distributable net operating income. The company also declared a special dividend again. Shares remain attractively valued and have a compelling risk/reward. An investment in HTGC yields almost 10 percent.

Source: Seeking Alpha

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