Fidus Investment Co. (NASDAQ:FDUS) Announces Dividend Increase – $0.61 Per Share

Fidus Investment Co. (NASDAQ:FDUS) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.61 per share by the asset manager on Friday, December 27th. This represents a $2.44 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57.

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 decline. Equities research analysts expect Fidus Investment to earn $2.11 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 81.5%.

Fidus Investment Stock Down 0.3 %

FDUS stock traded down $0.05 during midday trading on Friday, hitting $19.45. The company’s stock had a trading volume of 264,795 shares, compared to its average volume of 241,236. Fidus Investment has a 52-week low of $18.41 and a 52-week high of $20.60. The firm has a market capitalization of $644.96 million, a P/E ratio of 6.04 and a beta of 1.39. The firm has a 50-day simple moving average of $19.71 and a 200-day simple moving average of $19.74.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.57 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $34.88 million. During the same quarter last year, the company posted $0.62 EPS. On average, sell-side analysts expect that Fidus Investment will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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