30 DD Update 2015-06-19 | Investors Alley

30 DD Update 2015-06-19

Buy Hercules Technology Growth Capital

Today I am initiating a 30 Day Dividends position in Hercules Technology Growth Capital (NYSE:HTGC). This BDC is one of the high yield stocks I track for between dividend share price swings.

The HTGC share price has dropped by 7% since it went ex-dividend on May 14th, and has established a low over the last few days. Historically the share value has swung by more than 12% on average between ex-dividend dates. The next ex-dividend date will be on or about August 15th and I am looking for a target gain of 8%.

HTGC will be a short term position in the 30 Day Dividends recommendations list. The company reports tax results on Form 1099.

Recommendation: Buy HTGC below $11.90 per share with a target price of $12.80 for an 8% gain. Shares will be sold no later than the day before the next ex-dividend date.

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