2024-04-27 13:18:00 ET
If you're seeking passive income from your investment portfolio, Hercules Capital (NYSE: HTGC) is one stock that may have caught your attention. Hercules Capital invests in venture-backed start-ups, and offers an ultra-high dividend payout of over 10% annually.
However, if you're considering adding Hercules Capital for its passive income potential, there are some things you should know first.
Hercules Capital is a specialty non-bank lender that invests in fast-growing start-ups in technology, life sciences, and renewable energy. The company is a business development corporation ( BDC ), meaning it provides companies with funding in their early stages of growth.
For further details see:
Is Hercules Capital Stock a Buy?