Fidus Investment Co. (NASDAQ:FDUS) to Issue $0.11 — Dividend

Fidus Investment Co. (NASDAQ:FDUS) announced a — dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.11 per share by the asset manager on Thursday, March 27th. This represents a dividend 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. 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 Trading Up 0.0 %

NASDAQ:FDUS opened at $23.34 on Thursday. The company has a market cap of $791.69 million, a P/E ratio of 8.34 and a beta of 1.39. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $23.55. The company’s 50-day moving average price is $21.70 and its 200-day moving average price is $20.58.

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.