Fidus Investment Corporation (FDUS) To Go Ex-Dividend on December 19th

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, December 19th will be given a dividend of 0.43 per share by the asset manager on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, December 19th.

Fidus Investment has increased its dividend payment by an average of 0.1%per year over the last three years. Fidus Investment has a dividend payout ratio of 79.3% meaning 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 $2.12 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 Down 0.0%

Shares of FDUS traded down $0.01 during trading hours on Wednesday, reaching $19.80. 62,667 shares of the company traded hands, compared to its average volume of 213,806. The business has a fifty day moving average price of $19.98 and a 200-day moving average price of $20.52. The stock has a market capitalization of $721.13 million, a P/E ratio of 8.40 and a beta of 0.71. Fidus Investment has a 12-month low of $16.70 and a 12-month high of $23.55.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, November 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Fidus Investment had a net margin of 54.03% and a return on equity of 10.91%. The company had revenue of $37.25 million during the quarter, compared to the consensus estimate of $37.29 million. As a group, research 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.