HTGC Dividend History & Analysis | 8.5% Yield

HTGC has a dividend yield of 8.5% and paid 1.6 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 8.54%
Payout Ratio 111.1%
Growth Rate CAGR 5y 0.80%
Consistency Lifetime 95.3%
Yield on Cost 5y 17.06%
Payout FCF -
Streak Years 20
Dividend Rating 61.53%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -14%
Total Return 5y: 75.5%

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
ECC 709 M 24.3% 44.7%
OXLC 1,177 M 28.3% 29.2%
ECAT 1,534 M 22.0% 36.5%
OCCI 129 M 24.3% 30.5%
BCAT 1,540 M 22.4% 31.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ECAT 1,534 M 144% 91.7%
FSCO 1,204 M 105% 90.0%
OPFI 831 M 108% 100%
SUNS 126 M 90.5% 100%
OWL 21,322 M 60.1% 100%

Quality Dividend Peers in Asset Management & Custody Banks

BUI
BlackRock Utility
 10.47% Yield
GNT
GAMCO Natural Resources
 7.98% Yield
GAM
General American
 11.74% Yield
BK
The Bank of New York
 2.10% Yield
TRIN
Trinity Capital
 14.80% Yield
TBLD
Thornburg Income
 6.56% Yield

HTGC Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-11-12 2025-11-12 2025-11-19 Quarterly 0.4 0% 2.28%
2025-08-12 2025-08-12 2025-08-19 Quarterly 0.4 0% 2.12%
2025-05-13 2025-05-13 2025-05-20 Quarterly 0.4 0% 2.3%
2025-02-26 2025-02-26 2025-03-05 Quarterly 0.4 0% 1.93%
2024-11-13 2024-11-13 2024-11-20 Quarterly 0.4 0% 2.08%
2024-08-13 2024-08-13 2024-08-20 Quarterly 0.4 0% 2.21%
2024-05-13 2024-05-14 2024-05-21 Quarterly 0.4 0% 2.05%
2024-02-27 2024-02-28 2024-03-06 Quarterly 0.4 -16.7% 2.19%
2023-11-14 2023-11-15 2023-11-22 Quarterly 0.48 0% 3.07%
2023-08-17 2023-08-18 2023-08-25 Quarterly 0.48 2.1% 2.9%
2023-05-15 2023-05-16 2023-05-23 Quarterly 0.47 0% 3.56%
2023-03-01 2023-03-02 2023-03-09 Quarterly 0.47 -7.8% 3.07%
2022-11-09 2022-11-10 2022-11-17 Quarterly 0.51 2% 3.62%
2022-08-08 2022-08-09 2022-08-16 Quarterly 0.5 4.2% 3.2%
2022-05-16 2022-05-17 2022-05-24 Quarterly 0.48 0% 3.2%
2022-03-08 2022-03-09 2022-03-16 Quarterly 0.48 20% 2.83%
2021-11-09 2021-11-10 2021-11-17 Quarterly 0.4 2.6% 2.3%
2021-08-10 2021-08-11 2021-08-18 Quarterly 0.39 0% 2.29%
2021-05-11 2021-05-12 2021-05-19 Quarterly 0.39 5.4% 2.3%
2021-03-05 2021-03-08 2021-03-15 Quarterly 0.37 8.8% 2.34%
2020-11-06 2020-11-09 2020-11-16 Quarterly 0.34 6.3% N/A
2020-08-07 2020-08-10 2020-08-17 Quarterly 0.32 0% N/A
2020-05-13 2020-05-14 2020-05-21 Quarterly 0.32 -20% N/A
2020-02-28 2020-03-02 2020-03-09 Quarterly 0.4 14.3% N/A
2019-11-07 2019-11-11 2019-11-18 Quarterly 0.35 2.9% N/A
2019-08-09 2019-08-12 2019-08-19 Quarterly 0.34 3% N/A
2019-05-10 2019-05-13 2019-05-20 Quarterly 0.33 6.5% N/A
2019-03-01 2019-03-04 2019-03-11 Quarterly 0.31 -6.1% N/A
2018-11-08 2018-11-12 2018-11-19 Quarterly 0.33 6.5% N/A
2018-08-10 2018-08-13 2018-08-20 Quarterly 0.31 0% N/A
2018-05-11 2018-05-14 2018-05-21 Quarterly 0.31 0% N/A
2018-03-02 2018-03-05 2018-03-12 Quarterly 0.31 0% N/A
2017-11-10 2017-11-13 2017-11-20 Quarterly 0.31 0% N/A
2017-08-10 2017-08-14 2017-08-21 Quarterly 0.31 0% N/A
2017-05-11 2017-05-15 2017-05-22 Quarterly 0.31 0% N/A
2017-03-02 2017-03-06 2017-03-13 Quarterly 0.31 0% N/A
2016-11-09 2016-11-14 2016-11-21 Quarterly 0.31 0% N/A
2016-08-11 2016-08-15 2016-08-22 Quarterly 0.31 0% N/A
2016-05-12 2016-05-16 2016-05-23 Quarterly 0.31 0% N/A
2016-03-03 2016-03-07 2016-03-14 Quarterly 0.31 0% N/A
2015-11-12 2015-11-16 2015-11-23 Quarterly 0.31 0% N/A
2015-08-13 2015-08-17 2015-08-24 Quarterly 0.31 0% N/A
2015-05-14 2015-05-18 2015-05-25 Quarterly 0.31 0% N/A
2015-03-10 2015-03-12 2015-03-19 Quarterly 0.31 0% N/A
2014-11-13 2014-11-17 2014-11-24 Quarterly 0.31 0% N/A
2014-08-14 2014-08-18 2014-08-25 Quarterly 0.31 0% N/A
2014-05-08 2014-05-12 2014-05-19 Quarterly 0.31 0% N/A
2014-03-06 2014-03-10 2014-03-17 Quarterly 0.31 0% N/A
2013-11-14 2013-11-18 2013-11-25 Quarterly 0.31 10.7% N/A
2013-08-09 2013-08-13 2013-08-20 Quarterly 0.28 0% N/A

HTGC Dividend FAQ

Hercules Capital (HTGC) is a Business Development Company that focuses on providing private-equity-backed financing-primarily structured debt with warrants-to venture-backed companies across the mid-venture to expansion stages, as well as select public and special-opportunity issuers. Its product set spans growth-capital loans, mezzanine and subordinated debt, asset-based facilities, IPO bridge financing, and acquisition-related funding, with a strong emphasis on technology, SaaS, fintech, and clean-energy sectors.

What is the Dividend Yield of HTGC?

As of February 2026, HTGC`s dividend yield is 8.54%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.60 USD by the current share price of 16.45.

Does HTGC pay a dividend?

As of February 2026, HTGC paid a dividend of 1.60 USD in the last 12 months. The last dividend was paid on 2025-11-12 and the payout was 0.4 USD.

How often does HTGC pay dividends?

HTGC pays dividends quarterly. Over the last 12 months, HTGC has issued 4 dividend payments. The last dividend payment was made on 2025-11-12.

HTGC dividend forecast

Based on historical data, the forecasted dividends per share for HTGC for the next 4 payments are between 0.436 (+9.0%) and 0.457 (+14.3%).
This represents a strong dividend growth compared to the last payment.

Will HTGC pay dividends in 2026?

The latest dividend paid per share was 0.4 USD with an Ex-Dividend Date of 2025-11-12. The next Ex-Dividend date for Hercules Capital (HTGC) is currently unknown.

What is the next Ex-Dividend Date for HTGC?

The next Ex-Dividend date for Hercules Capital (HTGC) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of HTGC?

HTGC's average dividend growth rate over the past 5 years is 0.80% per year.
Weak growth: HTGC's Dividend growth is lower than inflation.

What is the Yield on Cost of HTGC?

HTGC's 5-Year Yield on Cost is 17.1%. If you bought HTGC's shares at 9.38 USD five years ago, your current annual dividend income (1.60 USD per share, trailing 12 months) equals 17.1% of your original purchase price.

What is the Payout Consistency of HTGC?

HTGC Payout Consistency is 95.3%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Hercules Capital has a strong track record of consistent dividend payments over its lifetime.

Does HTGC have a good Dividend Yield?

HTGC`s 8.54% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of HTGC?

The Dividend Payout Ratio of HTGC is 111.1%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of HTGC?

HTGC`s Overall Dividend Rating is 61.53%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

HTGC Outstanding Shares Analysis

What is the Trend in HTGC's Outstanding Shares?

Hercules Capital's outstanding shares have increased by approximately 11% annually over the past 3 years (Trend Reliability: 100.0%).

Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has HTGC ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2004 2,059,000
2005 9,912,600 +381.43%
2006 22,871,000 +130.73%
2007 32,629,000 +42.67%
2008 32,775,000 +0.45%
2009 35,181,000 +7.34%
2010 42,737,000 +21.48%
2011 47,018,000 +10.02%
2012 51,895,000 +10.37%
2013 60,870,000 +17.29%
2014 63,766,000 +4.76%
2015 71,239,000 +11.72%
2016 81,420,000 +14.29%
2017 84,027,000 +3.2%
2018 96,357,000 +14.67%
2019 106,072,000 +10.08%
2020 114,263,000 +7.72%
2021 116,754,000 +2.18%
2022 132,275,000 +13.29%
2023 157,758,000 +19.27%
2024 165,607,000 +4.98%
2025 194,358,000 +17.36%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-04 02:38