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Hercules Capital Announces Second Quarter 2024 Distribution

Strategic Insights

— 1 min read

Hercules Capital, Inc. (NYSE: HTGC) has declared a second quarter 2024 total cash distribution of $0.48 per share, totaling $25.9 million. The payment will be made on August 20, 2024, for shareholders of record as of August 13, 2024. This distribution marks the company's 56th consecutive quarterly distribution, solidifying its position as the largest and leading specialty finance provider to innovative companies.

Key Takeaways:

  • Hercules Capital's Board of Directors has declared a second quarter 2024 total cash distribution of $0.48 per share, amounting to $25.9 million.
  • The payment is scheduled for August 20, 2024, for shareholders of record as of August 13, 2024.
  • This distribution marks the company's 56th consecutive quarterly distribution, showcasing its commitment to consistency and stability.
  • The company's Board of Directors maintains a variable distribution policy with the objective of distributing 90% to 100% of its taxable quarterly income or potential annual income for a particular year.
  • Additionally, the company may pay supplemental distributions, allowing it to distribute approximately all its annual taxable income in a year.
  • The tax attributes of the company's distributions are determined annually as of the end of the fiscal year, based on taxable income for the full year and distributions paid for the full year.

Statistics:

  • Distribution amount: $0.48 per share
  • Total distribution: $25.9 million
  • Record date: August 13, 2024
  • Payment date: August 20, 2024
  • Percentage of Qualified Interest Income (QII): 80.74%

Sources:

  • Hercules Capital, Inc. News Release, dated [unknown date]
  • Internal Revenue Code Section 871(k)
  • Entries 6, 1, 5, as per news release formal announcement

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