Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 24.24%.
YIELD ON COST (YOC)
24.24%
HRZN now pays $1.11 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-10-07) | $13.49 | 8.23% |
| 5 years ago(2021-10-04) | $16.41 | 6.76% |
| 3 years ago(2023-10-06) | $12.07 | 9.20% |
| 1 year ago(2025-10-06) | $6.24 | 17.79% |
| Buying today(at $4.58) | $4.58 | 24.24% |
Projection: starting from today's 24.24% yield, assuming the dividend keeps compounding at 1.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
24.24%
In 3 years
25.25%
In 5 years
25.94%
In 10 years
27.77%
Try your own purchase price, dividend and growth rate for Horizon Technology Finance Corporation (HRZN).
Starting Yield
24.26%
Ending YOC
36.71%
Year 15 Dividend
$1.68
Cum. Dividends Recd.
$20.91
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.11 | N/A | 24.26% | $0.00 |
| Year 1 | $1.14 | +2.80% | 24.94% | $1.14 |
| Year 2 | $1.17 | +2.80% | 25.64% | $2.31 |
| Year 3 | $1.21 | +2.80% | 26.36% | $3.52 |
| Year 4 | $1.24 | +2.80% | 27.10% | $4.76 |
| Year 5 | $1.27 | +2.80% | 27.85% | $6.03 |
| Year 6 | $1.31 | +2.80% | 28.63% | $7.34 |
| Year 7 | $1.35 | +2.80% | 29.44% | $8.69 |
| Year 8 | $1.38 | +2.80% | 30.26% | $10.08 |
| Year 9 | $1.42 | +2.80% | 31.11% | $11.50 |
| Year 10 | $1.46 | +2.80% | 31.98% | $12.96 |
| Year 11 | $1.50 | +2.80% | 32.87% | $14.47 |
| Year 12 | $1.55 | +2.80% | 33.79% | $16.01 |
| Year 13 | $1.59 | +2.80% | 34.74% | $17.60 |
| Year 14 | $1.63 | +2.80% | 35.71% | $19.23 |
| Year 15 | $1.68 | +2.80% | 36.71% | $20.91 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
