Fidus Investment Co. (NASDAQ:FDUS) Plans Dividend Increase – $0.61 Per Share

Fidus Investment Co. (NASDAQ:FDUS) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.61 per share by the asset manager on Friday, December 27th. This represents a $2.44 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57.

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 decline. Equities analysts expect Fidus Investment to earn $2.11 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 81.5%.

Fidus Investment Price Performance

Shares of FDUS traded down $0.05 during trading hours on Friday, reaching $19.45. 264,795 shares of the company’s stock traded hands, compared to its average volume of 241,236. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $20.60. The business’s fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $19.74. The firm has a market capitalization of $644.96 million, a price-to-earnings ratio of 6.04 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 1st. The asset manager reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $34.88 million. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. During the same quarter last year, the company earned $0.62 EPS. On average, equities research analysts expect that Fidus Investment will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded shares of Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

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.