Fidus Investment Corporation (NASDAQ:FDUS) Increases Dividend to $0.57 Per Share

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Thursday, September 18th will be paid a dividend of 0.57 per share by the asset manager on Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Thursday, September 18th. This is a 418.2% increase from Fidus Investment’s previous quarterly dividend of $0.11.

Fidus Investment has a 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. Research analysts expect Fidus Investment to earn $2.12 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 81.1%.

Fidus Investment Stock Performance

Fidus Investment stock opened at $21.15 on Tuesday. The stock has a market cap of $748.29 million, a PE ratio of 9.16 and a beta of 0.90. Fidus Investment has a one year low of $16.70 and a one year high of $23.55. The stock has a fifty day moving average of $21.26 and a 200 day moving average of $20.41.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%. As a group, sell-side analysts predict that Fidus Investment will post 2.28 EPS for the current fiscal year.

About Fidus Investment

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.