Fidus Investment Corporation (FDUS) To Go Ex-Dividend on March 20th

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, March 20th will be paid a dividend of 0.43 per share by the asset manager on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Friday, March 20th.

Fidus Investment has increased its dividend by an average of 0.1%per year over the last three years. Fidus Investment has a payout ratio of 79.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Fidus Investment to earn $2.12 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 81.1%.

Fidus Investment Stock Up 3.0%

Shares of NASDAQ:FDUS opened at $18.32 on Wednesday. Fidus Investment has a fifty-two week low of $16.70 and a fifty-two week high of $22.09. The firm’s 50-day simple moving average is $18.89 and its 200-day simple moving average is $19.69. The company has a market cap of $695.24 million, a price-to-earnings ratio of 7.83 and a beta of 0.72.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, February 26th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Fidus Investment had a return on equity of 10.71% and a net margin of 52.87%.The company had revenue of $32.73 million for the quarter, compared to analyst estimates of $39.46 million. On average, research analysts forecast that Fidus Investment will post 2.28 EPS for the current year.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.