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

Fidus Investment Corporation (NASDAQ:FDUS) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, December 18th will be given a dividend of $0.43 per share by the asset manager on Tuesday, December 29th. This represents a $1.72 annualized dividend and a 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% per year 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 fall. Equities 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 Trading Up 0.5%

Shares of Fidus Investment stock opened at $19.59 on Friday. The firm’s 50 day moving average is $19.24 and its 200 day moving average is $18.96. The firm has a market capitalization of $743.48 million, a PE ratio of 9.37 and a beta of 0.71. Fidus Investment has a 1 year low of $16.86 and a 1 year high of $20.78.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, November 5th. The asset manager reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $45.91 million for 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%. As a group, research analysts anticipate that Fidus Investment will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverbridge Partners LLC raised its position in shares of Fidus Investment by 35.5% during the 3rd quarter. Riverbridge Partners LLC now owns 150,241 shares of the asset manager’s stock valued at $2,895,000 after buying an additional 39,372 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Fidus Investment by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,370 shares of the asset manager’s stock worth $739,000 after purchasing an additional 2,084 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Fidus Investment in the third quarter worth $30,000. Secure Asset Management LLC raised its stake in shares of Fidus Investment by 4.9% during the third quarter. Secure Asset Management LLC now owns 24,883 shares of the asset manager’s stock valued at $479,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in Fidus Investment by 2,909.2% during the 3rd quarter. Sound Income Strategies LLC now owns 2,193,829 shares of the asset manager’s stock valued at $41,880,000 after purchasing an additional 2,120,925 shares during the last quarter. Institutional investors own 28.14% of the company’s stock.

About Fidus Investment

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.