Fidus Investment Co. (FDUS) To Go Ex-Dividend on March 20th

Fidus Investment Co. (NASDAQ:FDUS) announced a — dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.11 per share by the asset manager on Thursday, March 27th. This represents a yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th.

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 decline. 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 Performance

NASDAQ:FDUS opened at $23.24 on Friday. The firm’s 50-day moving average is $21.74 and its 200-day moving average is $20.60. The company has a market cap of $788.30 million, a price-to-earnings ratio of 8.30 and a beta of 1.39. Fidus Investment has a 52-week low of $18.41 and a 52-week high of $23.55.

Fidus Investment Company Profile

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.