Hercules Capital, Inc. (NYSE: HTGC) announced on October 28, 2024, that its Board of Directors declared a total cash distribution of $0.48 per share for the third quarter of 2024. This distribution is composed of a $0.40 per share base distribution and an additional $0.08 per share supplemental distribution.
The record date for this distribution is set for November 13, 2024, with the payment date scheduled for November 20, 2024. The company's variable distribution policy aims to distribute approximately 90% to 100% of its taxable quarterly or annual income.
The inclusion of a supplemental distribution highlights the company's strong earnings and its strategy to distribute excess taxable income to shareholders. This move reinforces Hercules Capital's commitment to providing consistent returns to its investors.
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