Fidus Investment Co. (NASDAQ:FDUS) Announces Quarterly Dividend of $0.57

Fidus Investment Co. (NASDAQ:FDUS) declared a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.57 per share by the asset manager on Thursday, September 26th. This represents a $2.28 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date is Thursday, September 19th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.43.

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 research analysts expect Fidus Investment to earn $2.17 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 79.3%.

Fidus Investment Trading Up 0.2 %

Shares of NASDAQ FDUS opened at $20.19 on Tuesday. Fidus Investment has a twelve month low of $17.63 and a twelve month high of $20.60. The firm has a 50-day moving average of $19.66 and a two-hundred day moving average of $19.71. The company has a market capitalization of $637.08 million, a price-to-earnings ratio of 6.94 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 1st. The asset manager reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $35.66 million during the quarter, compared to analyst estimates of $34.88 million. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, research analysts predict that Fidus Investment will post 2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.