Fidus Investment Corporation (FDUS) to Distribute Quarterly Dividend of $0.43 on December 29th

Fidus Investment Corporation (NASDAQ:FDUS) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, December 18th will be given a dividend of $0.43 per share by the asset manager on Tuesday, December 29th. This represents a $1.72 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Friday, December 18th.

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% indicating that 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 $2.02 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 85.1%.

Fidus Investment Stock Up 0.8%

NASDAQ:FDUS opened at $19.65 on Friday. The company has a market capitalization of $745.72 million, a P/E ratio of 9.49 and a beta of 0.71. Fidus Investment has a 52 week low of $16.86 and a 52 week high of $20.78. The stock’s fifty day moving average is $19.24 and its two-hundred day moving average is $18.96.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, November 5th. The asset manager reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $45.91 million during the quarter, compared to the consensus estimate of $44.31 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. Sell-side analysts anticipate that Fidus Investment will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in shares of Fidus Investment by 2,909.2% during the third quarter. Sound Income Strategies LLC now owns 2,193,829 shares of the asset manager’s stock worth $41,880,000 after acquiring an additional 2,120,925 shares during the period. Van ECK Associates Corp boosted its stake in shares of Fidus Investment by 30.3% in the second quarter. Van ECK Associates Corp now owns 929,242 shares of the asset manager’s stock worth $17,721,000 after acquiring an additional 216,180 shares during the period. Cetera Investment Advisers boosted its stake in shares of Fidus Investment by 3.6% during the first quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager’s stock valued at $9,447,000 after purchasing an additional 18,656 shares during the period. Baird Financial Group Inc. boosted its position in Fidus Investment by 2.5% in the second quarter. Baird Financial Group Inc. now owns 416,390 shares of the asset manager’s stock valued at $7,941,000 after buying an additional 9,964 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Fidus Investment in the 2nd quarter worth approximately $5,921,000. 28.14% of the stock is owned by institutional investors.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a business development company that provides financing to privately owned, lower middle-market companies in the United States. The company supports businesses that may have limited access to traditional bank financing and seeks to generate income through a portfolio of corporate investments.

Fidus primarily invests in secured debt, including first-lien and second-lien loans, as well as mezzanine debt and, in some cases, equity interests. Its portfolio companies operate across a range of industries, allowing Fidus to provide customized financing for acquisitions, recapitalizations, growth initiatives and other corporate purposes.

Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.