Hercules Capital achieved record total investment income in Q2 2026, growing 8.5% year-over-year with an effective yield of 13.4%. The company's net asset value rose to $12.15 per share, supported by a 400-basis-point improvement in dividend coverage and a low 0.1% non-accrual rate. Additionally, the firm priced a $325 million bond at 6.3% to refinance existing debt, strengthening its financial structure despite a slight increase in interest expenses.
The company achieved a minimal 0.1% non-accrual ratio and maintained a robust 125% dividend coverage during the second quarter.
Read the full storyCompany NAV rose to $12.15 per share as investment income grew 8.5% and dividend coverage improved by 400 basis points.
HTGC projected over 6% growth in net investment income and a 2% rise in NAV while pricing a $325 million bond offering.
HTGC achieves its highest total investment income ever in Q2 2026, supported by significant portfolio growth.