Fidus Investment Co. (NASDAQ:FDUS) to Issue Dividend Increase – $0.57 Per Share

Fidus Investment Co. (NASDAQ:FDUS) announced a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Thursday, September 19th will be given a dividend of 0.57 per share by the asset manager on Thursday, September 26th. This represents a $2.28 annualized dividend and a dividend yield of 11.29%. The ex-dividend date is Thursday, September 19th. This is an increase from Fidus Investment’s previous quarterly dividend of $0.43.

Fidus Investment has a dividend 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. Equities research analysts expect Fidus Investment to earn $2.17 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 79.3%.

Fidus Investment Stock Up 0.2 %

Shares of FDUS opened at $20.19 on Tuesday. The stock’s fifty day simple moving average is $19.66 and its 200-day simple moving average is $19.71. The firm has a market capitalization of $637.08 million, a PE ratio of 6.94 and a beta of 1.40. Fidus Investment has a 12-month low of $17.63 and a 12-month high of $20.60.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. The company had revenue of $35.66 million for the quarter, compared to the consensus estimate of $34.88 million. During the same period in the prior year, the company posted $0.62 EPS. Analysts anticipate that Fidus Investment will post 2.32 EPS for the current year.

Analyst Ratings Changes

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

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.