Fidus Investment Corporation (NASDAQ:FDUS) Shareholders to Collect $0.43 Quarterly Dividend

by · The Markets Daily

Fidus Investment Corporation (NASDAQ:FDUS – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Investors of record on Friday, December 18th will be paid a dividend of $0.43 per share by the asset manager on Tuesday, December 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, December 18th.

Fidus Investment has increased its dividend payment by an average of 0.1% annually over the last three years. Fidus Investment has a dividend payout ratio of 79.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Fidus Investment to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 85.1%.

Fidus Investment Stock Down 1.0%

FDUS stock opened at $19.50 on Friday. The company has a market capitalization of $740.10 million, a P/E ratio of 9.33 and a beta of 0.71. The company has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $18.96. Fidus Investment has a fifty-two week low of $16.86 and a fifty-two week high of $20.95.

Fidus Investment (NASDAQ:FDUS – Get Free Report) last announced its earnings results on Thursday, November 5th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $45.91 million during the quarter, compared to analyst estimates of $44.31 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. Equities analysts anticipate that Fidus Investment will post 2.16 EPS for the current year.

Fidus Investment Company Profile

(Get Free Report)

Fidus Investment Corporation (NASDAQ: FDUS) is a business development company that provides financing to privately owned, lower middle-market companies in the United States. The company supports businesses that may have limited access to traditional bank financing and seeks to generate income through a portfolio of corporate investments.

Fidus primarily invests in secured debt, including first-lien and second-lien loans, as well as mezzanine debt and, in some cases, equity interests. Its portfolio companies operate across a range of industries, allowing Fidus to provide customized financing for acquisitions, recapitalizations, growth initiatives and other corporate purposes.

Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.

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