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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Shareholders of record on Wednesday, October 16th will be paid a dividend of 0.12 per share on Wednesday, November 6th. This represents a $0.48 annualized dividend and a yield of 15.14%. The ex-dividend date is Wednesday, October 16th.

Investcorp Credit Management BDC has decreased its dividend by an average of 13.0% per year over the last three years. Investcorp Credit Management BDC has a dividend payout ratio of 96.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Investcorp Credit Management BDC Stock Up 0.6 %

Shares of NASDAQ ICMB opened at $3.17 on Friday. The stock has a market cap of $45.65 million, a P/E ratio of 158.50 and a beta of 1.67. The business’s fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.25. Investcorp Credit Management BDC has a 12-month low of $2.98 and a 12-month high of $4.12. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.53.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%. The company had revenue of $5.12 million during the quarter.

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.