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Hercules CapitalHTGC +2.31%60 3-Year Dividend Growth Rate is 7.30% as of Mar. 2026, which is 46% above its 10-year median of 5.00. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $19.07 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 852 Asset Management companies, Hercules Capital ranks better than 63.73% on this metric.
The historical rank and industry rank for Hercules Capital's 3-Year Dividend Growth Rate or its related term are showing as below:
HTGC'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -12.6 Med: 5 Max: 59.6
Current: 7.3
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hercules Capital was 59.60% per year. The lowest was -12.60% per year. And the median was 5.00% per year.
HTGC's 3-Year Dividend Growth Rate is ranked better than 63.73% of 852
companies
in the Asset Management industry
Industry Median: 3.8
vs HTGC: 7.30
During the past 12 months, Hercules Capital's average Dividends Per Share Growth Rate was -1.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 9.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 5.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hercules Capital Inc is 1.06, which seems too high.
For more information regarding to dividend, please check our Dividend Page.
Hercules Capital (NYSE:HTGC) 3-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Hercules Capital's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Hercules Capital was 1.92. The lowest was 0.64. And the median was 1.10.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hercules Capital Inc is 1.06, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Hercules Capital Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.470000
2026-05-14
2026-05-14
2026-05-21
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.470000
2026-02-25
2026-02-25
2026-03-04
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.470000
2025-11-12
2025-11-12
2025-11-19
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.470000
2025-08-12
2025-08-12
2025-08-19
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Hercules Capital's Dividend Yield (%) for Today is calculated as
Current Share Price is $16.155.
Hercules Capital's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.88.
During the past 13 years, the highest Dividend Yield of Hercules Capital was 19.28%. The lowest was 7.08%. And the median was 9.77%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hercules Capital 3-Year Dividend Growth Rate Related Terms>
HTGC vs DBRG, WT, FSK: 3-Year Dividend Growth Rate Comparison
For the Asset Management subindustry, Hercules Capital's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hercules Capital 3-Year Dividend Growth Rate vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Hercules Capital's 3-Year Dividend Growth Rate falls into.
Hercules Capital 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 7.30% mean?
Hercules Capital (HTGC) has a 3-Year Dividend Growth Rate of 7.30% as of Mar. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Hercules Capital and its competitors. This is 46% above median its historical median of 5.00. According to the industry distribution chart, Hercules Capital ranks #309 out of 852 companies in the Asset Management industry, placing it in the top 36.3%.
Is Hercules Capital's 3-Year Dividend Growth Rate too high?
Hercules Capital's current 3-Year Dividend Growth Rate of 7.30% is 46% above median its 10-year median of 5.00. The Asset Management industry median 3-Year Dividend Growth Rate is 3.80. Hercules Capital's value of 7.30% is 92.1% above this industry median. Based on the distribution chart, Hercules Capital ranks #309 out of 852 companies in the Asset Management industry, which is above the industry midpoint. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's 3-Year Dividend Growth Rate compare to DBRG and WT?
According to the Asset Management industry distribution chart, Hercules Capital ranks #309 out of 852 companies for 3-Year Dividend Growth Rate. This puts Hercules Capital in the upper half of its industry. The industry median 3-Year Dividend Growth Rate is 3.80. Hercules Capital's value of 7.30% is 92.1% above this benchmark. While the company's 10-year median is 5.00 vs. the industry median of 3.80, Hercules Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Dividend Growth Rate for an Asset Management company?
The median 3-Year Dividend Growth Rate among Asset Management companies is 3.80, based on 852 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hercules Capital's current 3-Year Dividend Growth Rate of 7.30% is 92.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Hercules Capital and its competitors. For the Asset Management industry, the median 3-Year Dividend Growth Rate is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hercules Capital's current 3-Year Dividend Growth Rate is 7.30%, which is 46% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hercules Capital stock overvalued right now?
Based on GuruFocus' analysis, Hercules Capital (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.07, compared to a current price of $16.16 — trading 15.3% below its estimated fair value. The current 3-Year Dividend Growth Rate is 7.30%, which is 46% above median its 10-year median of 5.00 and 92.1% above the Asset Management industry median of 3.80. Hercules Capital's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Hercules Capital (HTGC), the current 3-Year Dividend Growth Rate is 7.30% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hercules Capital (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $16.16 is trading 15.3% below its estimated GF Value™ of $19.07.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
3-Year Dividend Growth Rate: 7.30% (46% above median its 10-year median of 5.00)
GF Value™: $19.07 vs. price of $16.16 (15.3% below fair value)
Industry Position: 92.1% above the Asset Management median (#309 of 852)
No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hercules Capital Inc is a specialty finance company focused on providing senior secured loans to high-growth, venture capital-backed, and institutional-backed companies in a variety of technology and life sciences industries. The company's primary business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments mainly in structured debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. It finances companies belonging to computer software and hardware, networking systems, semiconductors, medical devices, bio-pharmaceutical, and other related sectors.
60GF Score
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