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

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.43 per share by the asset manager on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

Fidus Investment has increased its dividend by an average of 0.1%annually 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 tumble. Analysts expect Fidus Investment to earn $2.01 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 85.6%.

Fidus Investment Stock Up 0.4%

NASDAQ:FDUS traded up $0.08 on Friday, reaching $19.57. The company’s stock had a trading volume of 418,259 shares, compared to its average volume of 312,488. The firm has a market cap of $742.68 million, a price-to-earnings ratio of 9.36 and a beta of 0.67. Fidus Investment has a 12-month low of $16.86 and a 12-month high of $21.63. The stock has a 50 day moving average price of $19.84 and a 200 day moving average price of $18.88.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%.The firm had revenue of $32.55 million for the quarter, compared to analyst estimates of $42.37 million. Equities research analysts expect that Fidus Investment will post 2.16 EPS for the current fiscal year.

Fidus Investment Company Profile

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.