HCXY · Hercules Capital 6.25% Notes due 10/30/2033, cumulative · dividend, yield to call and par
Summary
HCXY is a cumulative preferred of Hercules Capital, Inc. Par is $25.00. The coupon is 6.25%, fixed, paid as $0.3906 a quarter. It has been callable since Oct 2023. At 4% below par, a call is unlikely, so the main risk is interest rates. The issuer is an bdc rated investment grade. The score is 6.8, Good.
4 payments a year. 20 paid since 2022, never changed.
Payments ↓The issuer can redeem at $25.00 at any time, which would hand a holder a 4% gain. Issuers call paper that is dear, not cheap. The risk here is rates, not the call.
Price history ↓6.25% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. A registered fund must hold assets worth 150% of this issue before it can pay common dividends. The credit pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Jan 15, 2027 | 01/29/27 | $0.3906 | 0.0% | estimated from the coupon |
| Oct 15, 2026 | 10/30/26 | $0.3906 | 0.0% | paid |
| Jul 15, 2026 | 07/30/26 | $0.3906 | 0.0% | paid |
| Apr 15, 2026 | 04/30/26 | $0.3906 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| HCXY this pageHercules Capital 6.25% Notes due 10/30/2033 | 6.52% | 6.25% | Investment grade | Callable now | 6.8 |
| JPM-MJPMorgan Chase & Co., 4.20% Depositary Shares Non-Cumulative Preferred Stock Series MM | 6.52% | 4.2% | Investment grade | None | 6.3 |
| JPM-CJPMorgan Chase & Co., 6.00% Dep Shares Non-Cumul Preferred Stock Series EE | 6.46% | 6% | Investment grade | None | 6.9 |
| BAC-KBank of America Corp., 5.875% Depositary Shares Non-Cumulative Preferred Stock Series HH | 6.71% | 5.875% | Investment grade | None | 6.8 |
| BAC-LBank of America, 7.25% Non-Cumulative Convertible Preferred Stock, Series L | 6.23% | 7.25% | Investment grade | None | 7.1 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about HCXY
How much does HCXY pay, and how often?
HCXY pays $1.56 a share a year. That is 6.25% of the $25.00 face value. At the November 9 close of $23.95, it is a 6.52% current yield.
When is HCXY’s next ex-dividend date?
January 15, 2027, with payment on January 29. The date is projected from the payment cycle. Hercules Capital, Inc has not declared it yet.
Are HCXY’s payments qualified dividends?
No. HCXY is a bond, so it pays interest, which is taxed as ordinary income.
Can HCXY be called?
Yes. The first call date was October 30, 2023, so Hercules Capital, Inc can redeem the shares at $25.00 at any time. The shares trade at $23.95, 4% below that price.
Does HCXY have a maturity date?
Yes. Hercules Capital, Inc must repay the $25.00 on October 30, 2033.
What is HCXY’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is HCXY’s Income Quality Score?
HCXY scores 6.8 out of 10, in the Good tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Credit is the lowest, at 5.5. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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