Pfizer's 15-year dividend-raising streak will most likely continue thanks to smart reinvestment of its COVID windfall. Hercules Capital offers income-seeking investors a yield above 10% at recent prices.
Hercules Capital offers a 10%+ dividend yield. Is this payout sustainable? HTGC's loan portfolio yields around 14%, with high overall credit quality. With a strong cost of capital arbitrage, we think NAV is set to grow and payouts should remain stable. Some are worried about the rate cycle, but HTGC's portfolio has built in hedges. We estimate only a 14% drop in profit if rates drop 200bps over the next year.
Higher total investment income and solid balance sheet support Hercules Capital's (HTGC) Q2 earnings, with rising costs being an offsetting factor.
Hercules Capital, Inc. (NYSE:HTGC ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Michael Hara - Managing Director, Investor Relations Scott Bluestein - Chief Executive Officer & Chief Investment Officer Seth Meyer - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler Casey Alexander - Compass Point Research Christopher Nolan - Ladenburg Thalmann Douglas Harter - UBS Finian O'Shea - Wells Fargo Securities Paul Johnson - KBW Operator Good day, everyone, and thank you for standing by. Welcome to Hercules Capital Second Quarter 2024 Financial Results and Conference Call.
While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hercules Capital (HTGC) came out with quarterly earnings of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.53 per share a year ago.
Hercules Capital (HTGC) is expected to have recorded a y/y increase in revenues in the second quarter of 2024.
Evaluate the expected performance of Hercules Capital (HTGC) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
BDCs are managed portfolios of middle-market loans, with returns juiced with some modest amounts of leverage. This article examines HTGC's management fee alignment with shareholders, balance sheet leverage trends, and asset portfolio seniority & rate structures. Additionally, we examine credit quality & underwriting results, cost of leverage, and the diversification of HTGC's assets by industry.
Hercules Capital (HTGC) closed the most recent trading day at $21.11, moving +0.24% from the previous trading session.
One reason to invest in stocks is to generate a stable income that can help finance your life without having to work all the time. This includes investing in high-dividend stocks.
I am very bullish on high-yield stocks right now. However, there are a few high-yield sectors that, I think, are getting quite risky, and I am avoiding as a result. I detail two of these sectors and also share some of the more attractive high-yield opportunities of the moment.