Fidus Investment Corporation (FDUS) To Go Ex-Dividend on June 16th

Fidus Investment Corporation (NASDAQ:FDUS) declared a special dividend on Monday, May 4th. Investors of record on Tuesday, June 16th will be given a dividend of 0.19 per share by the asset manager on Monday, June 29th. This represents a dividend yield of 388.0%. The ex-dividend date is Tuesday, June 16th.

Fidus Investment has raised its dividend payment by an average of 0.1%per year over the last three years. 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 tumble. Research analysts expect Fidus Investment to earn $1.99 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 86.4%.

Fidus Investment Trading Up 0.5%

FDUS stock opened at $18.82 on Friday. Fidus Investment has a 12 month low of $16.86 and a 12 month high of $22.09. The company has a 50-day moving average price of $18.58 and a 200 day moving average price of $18.82. The stock has a market cap of $714.22 million, a PE ratio of 8.25 and a beta of 0.68.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. The firm had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $42.30 million. Sell-side analysts forecast that Fidus Investment will post 2.15 EPS for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Fidus Investment has an average rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Company Profile

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.