Fidus Investment Corporation Announces Quarterly Dividend of $0.43 (NASDAQ:FDUS)

Fidus Investment Corporation (NASDAQ:FDUS) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.43 per share by the asset manager on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

Fidus Investment has increased its dividend payment by an average of 0.1%annually over the last three years. Fidus Investment has a 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. Analysts expect Fidus Investment to earn $2.01 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 85.6%.

Fidus Investment Stock Up 0.4%

Shares of FDUS traded up $0.08 during mid-day trading on Friday, hitting $19.57. 418,259 shares of the company’s stock were exchanged, compared to its average volume of 312,488. The stock has a market cap of $742.68 million, a price-to-earnings ratio of 9.36 and a beta of 0.67. The firm has a fifty day moving average of $19.84 and a two-hundred day moving average of $18.88. Fidus Investment has a twelve month low of $16.86 and a twelve month high of $21.63.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $32.55 million during the quarter, compared to analyst estimates of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. On average, equities analysts predict that Fidus Investment will post 2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FDUS shares. Weiss Ratings upgraded Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.50 target price on shares of Fidus Investment in a research report on Monday, July 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Fidus Investment has an average rating of “Hold” and a consensus price target of $19.50.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.