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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Monday, November 10th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.12 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 15.9%. The ex-dividend date of this dividend is Monday, December 1st.

Investcorp Credit Management BDC has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Investcorp Credit Management BDC has a dividend payout ratio of 117.1% 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 Stock Performance

Investcorp Credit Management BDC stock traded up $0.08 on Friday, reaching $3.01. 98,502 shares of the stock were exchanged, compared to its average volume of 33,985. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.75. Investcorp Credit Management BDC has a twelve month low of $2.46 and a twelve month high of $3.47. The firm has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $2.84. The stock has a market cap of $43.40 million, a PE ratio of -301.00 and a beta of 0.88.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Investcorp Credit Management BDC had a positive return on equity of 3.33% and a negative net margin of 0.30%.The business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $4.41 million.

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.