Hercules Capital, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Hercules Capital, Inc. on April 27, 2021. The filing primarily serves to announce the declaration of dividends and references the issuance of a press release on April 29, 2021, regarding financial results for the quarter ended March 31, 2021.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1) but are not detailed in the body of this Form 8-K.
Material Changes and Dividend Announcements
The Board of Directors declared the following dividends on April 27, 2021:
- Quarterly Dividend: $0.32 per share.
- Supplemental Dividend: $0.28 per share for fiscal 2021, to be paid in four installments of $0.07 per share.
Payment Schedule for May 2021:
| Event | Date | Amount Per Share |
|---|---|---|
| Ex-Dividend Date | May 11, 2021 | $0.39 (Combined) |
| Record Date | May 12, 2021 | $0.39 (Combined) |
| Payment Date | May 19, 2021 | $0.39 (Combined) |
Future supplemental dividend payments are scheduled for August 2021, November 2021, and March 2022.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, guidance, outlook, or risk factors. It directs readers to the attached press releases for the full text of the earnings announcement and dividend details.
Investor Verification Checklist
- Verify the total dividend payout per share ($0.39) for the May 2021 payment date.
- Review Exhibit 99.1 (Press Release dated April 29, 2021) for detailed Q1 2021 financial results, including revenue, net income, and portfolio metrics.
- Confirm the record date of May 12, 2021, to ensure eligibility for the declared dividends.
- Check subsequent filings for the execution of the remaining three supplemental dividend payments in 2021 and 2022.