Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Announces $0.12 Quarterly Dividend

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.12 per share on Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 15.24%. The ex-dividend date is Friday, December 20th.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 13.0% annually over the last three years. Investcorp Credit Management BDC has a payout ratio of 120.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Investcorp Credit Management BDC Price Performance

Shares of Investcorp Credit Management BDC stock traded up $0.01 during trading on Thursday, hitting $3.15. 45,343 shares of the company were exchanged, compared to its average volume of 35,866. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.42. Investcorp Credit Management BDC has a fifty-two week low of $2.91 and a fifty-two week high of $3.96. The firm has a 50 day moving average price of $3.12 and a 200 day moving average price of $3.22. The stock has a market capitalization of $45.37 million, a price-to-earnings ratio of 9.45 and a beta of 1.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $5.12 million for the quarter. Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.