Fidus Investment Co. (NASDAQ:FDUS) to Issue Quarterly Dividend of $0.57

Fidus Investment Co. (NASDAQ:FDUS) declared a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.57 per share by the asset manager on Thursday, September 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.30%. The ex-dividend date of this dividend 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Performance

Shares of NASDAQ FDUS opened at $20.17 on Wednesday. The firm’s 50-day simple moving average is $19.67 and its 200 day simple moving average is $19.72. The stock has a market cap of $636.44 million, a price-to-earnings ratio of 6.93 and a beta of 1.40. Fidus Investment has a fifty-two week low of $17.63 and a fifty-two week high of $20.60.

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of Fidus Investment to a “hold” rating in a report 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.