About Hercules Capital Inc. (HTGC) — Dividend Analysis 2026
Hercules Capital specializes in lending to venture-backed technology and life sciences companies. This unique focus allows it to capture higher yields than traditional BDCs. Strong origination network with leading VC firms. HTGC pays regular plus supplemental dividends, making total yield among the highest in BDC space.
Is HTGC a good dividend investment in 2026?
HTGC offers a 10.22% forward yield with a 90% payout ratio. With a safety score of 70/100, the dividend appears safe. The 5-year dividend CAGR of 4.2% is modest — investors should weigh current income against growth alternatives.
HTGC DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your HTGC portfolio grows to $53.7K vs $38.4K without reinvestment — a DRIP bonus of $15.3K. This is the compound interest effect in action.
HTGC dividend growth history & forecast
HTGC has grown its dividend by 5.6% over the last year and 4.2% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 10.22% — illustrating why dividend growth stocks are powerful long-term wealth builders.
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🌍 HTGC Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold HTGC.
Gross yield
10.22%
Tax rate
15.00%
After-tax yield
8.69%
Real yield (−CPI)
5.89%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
10.22%
7.42%
$1,022 / yr
🇺🇸 US Taxable (15%) ✓
15%
8.69%
5.89%
$869 / yr
🇺🇸 US Taxable (20%)
20%
8.18%
5.38%
$818 / yr
🇬🇧 UK ISA
0%
10.22%
7.42%
$1,022 / yr
🇬🇧 UK Taxable
8.75%
9.33%
6.53%
$933 / yr
🇨🇦 TFSA
0%
10.22%
7.42%
$1,022 / yr
🇨🇦 CA Taxable
25%
7.67%
4.87%
$767 / yr
🇦🇺 Super (pension)
15%
8.69%
5.89%
$869 / yr
🇦🇺 AU Taxable
30%
7.15%
4.35%
$715 / yr
🇩🇪 DE Taxable
26.375%
7.52%
4.72%
$752 / yr
🇫🇷 FR Taxable
30%
7.15%
4.35%
$715 / yr
Real yield = after-tax yield minus US CPI of 2.8%. Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 HTGC Income Goal & Break-Even
Dividend Break-Even
10yr
Years for dividends to repay your full HTGC investment price of $18.40/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$15.6K
Lost to inflation (~2.8% CPI)
−$2.5K
Real purchasing power gain
$13.1K
How much do I need to invest in HTGC for:
Shares needed
15,019
Capital required
$276,350
Monthly income
$2,000
Based on current dividend of $1.88/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 HTGC Dividend Payment Schedule
HTGC pays quarterly — 4 times per year. Next ex-div: Mar 14, 2026.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$3.99 / payment
$15.98 / year after tax
100 shares
$39.95 / payment
$159.80 / year after tax
1,000 shares
$399.50 / payment
$1598.00 / year after tax
📊 HTGC vs BDC Sector Benchmarks
How HTGC compares to typical BDC sector averages.
Dividend YieldHTGC: +10.22% vs sector avg 9.10% ✓ Better
HTGC━━ BDC avg: 9.10%
5Y Dividend CAGRHTGC: +4.20% vs sector avg 3.80% ✓ Better
HTGC━━ BDC avg: 3.80%
Payout RatioHTGC: 90.00% vs sector avg 88.00% ↓ Below avg
HTGC━━ BDC avg: 88.00%
⚠️ Disclaimer: All projections are for educational purposes only. Dividend payments, stock prices, and growth rates are estimates based on historical data. Past performance does not guarantee future results. This is not financial advice — consult a qualified financial professional before investing. Data sourced from public financial records and updated regularly.