A Lender That Shines
Horizon Technology Finance and its investors are enjoying a bright horizon. Tuesday, the specialty-finance company, which made its public debut a little over a year ago, posted robust third-quarter earnings and then enriched its common dividend 12.5%, its second consecutive quarterly boost.
The new payout will be 45 cents a share, up from 40 cents, giving the stock a hefty 11.9% yield. With just 7.6 million common shares outstanding, the dividend increase is worth an additional $1.5 million annually. Since going public, Horizon now has declared a cumulative dividend of $1.40 a share.
The stock trades on Nasdaq (ticker: HRZN) ...
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investor in payday lender - News
The increase in the quarterly dividend from 5 cents per share to 7.5 cents per share means an investor with 5000 shares will now receive $375 per quarter, up from the previous $250. Consider, however, the payday for institutional investors such as
Alexander Goldstein, who with his brother, Al, founded online payday lender CashNetUSA and sold the company for $265 million in 2006, is one of 10 investors behind Catapult. While Goldstein declined to disclose the total size of Catapult's funds,
The company's investment approach, he added, "generated a stable stream of interest income and…significant warrant gains in a challenging economic environment." IT'S GOING TO BE A BIGGER payday for investors in Automatic Data Processing.
Investor money is pouring into the industry from several sources, helping Buy Here Pay Here dealers expand their reach and raise their profile. In addition to private equity firms such as Altamont, several payday lending chains are moving into Buy Here
a lot of early PayPal employees got a nice payday. But in a rare turn of events, a surprising number of these folks went on to even greater success. Only a handful of other companies have spawned so many powerful investors and founders — Google,
Quick Approvals Of Bad Credit Payday Loans With No Faxing « Bull ...
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