Investcorp Credit Management BDC, Inc. (ICMB) to Issue Quarterly Dividend of $0.12 on November 6th

Posted by Scott Moore on Oct 14th, 2024

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Free Report) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Wednesday, October 16th will be paid a dividend of 0.12 per share on Wednesday, November 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 14.81%. The ex-dividend date of this dividend is Wednesday, October 16th.

Investcorp Credit Management BDC has decreased its dividend by an average of 13.0% per year over the last three years. Investcorp Credit Management BDC has a dividend payout ratio of 120.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Investcorp Credit Management BDC Trading Up 1.6 %

Shares of Investcorp Credit Management BDC stock opened at $3.24 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $46.66 million, a P/E ratio of 161.76 and a beta of 1.67. Investcorp Credit Management BDC has a 1 year low of $2.98 and a 1 year high of $3.97. The company’s fifty day moving average is $3.20 and its two-hundred day moving average is $3.25.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) last issued its quarterly earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%. The company had revenue of $5.12 million during the quarter.

Investcorp Credit Management BDC Company Profile

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Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.