Investcorp Credit Management BDC, Inc. (ICMB) to Issue Quarterly Dividend of $0.12 on January 8th

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.12 per share on Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.69%. The ex-dividend date is Friday, December 20th.

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 Performance

NASDAQ:ICMB opened at $3.06 on Friday. The company has a market capitalization of $44.06 million, a P/E ratio of 9.27 and a beta of 1.67. The business has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.22. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64. Investcorp Credit Management BDC has a 1 year low of $2.91 and a 1 year high of $3.96.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $5.12 million for the quarter. Investcorp Credit Management BDC had a return on equity of 9.90% and a net margin of 18.53%.

About Investcorp Credit Management BDC

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.