Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) to Issue $0.12 Quarterly Dividend

Posted by Latisha Jones on Oct 15th, 2024

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Free Report) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders of record on Wednesday, October 16th will be given 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 14.55%. The ex-dividend date is Wednesday, October 16th.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 13.0% annually over the last three years. Investcorp Credit Management BDC has a 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 Stock Up 2.0 %

ICMB stock opened at $3.30 on Tuesday. 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 $47.52 million, a price-to-earnings ratio of 165.00 and a beta of 1.67. The business’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $3.25. Investcorp Credit Management BDC has a fifty-two week low of $2.98 and a fifty-two week high of $3.97.

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

About Investcorp Credit Management BDC

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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.