Fidus Investment Corporation Declares Special Dividend of $0.19 (NASDAQ:FDUS)

Fidus Investment Corporation (NASDAQ:FDUS) announced a special dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.19 per share by the asset manager on Monday, June 29th. The ex-dividend date of this dividend is Tuesday, June 16th.

Fidus Investment has raised its dividend payment by an average of 0.1%per year over the last three years. 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 fall. Equities analysts expect Fidus Investment to earn $1.98 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 86.9%.

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $19.36 on Friday. The business’s 50 day simple moving average is $18.09 and its 200-day simple moving average is $19.07. The firm has a market capitalization of $734.52 million, a price-to-earnings ratio of 8.27 and a beta of 0.69. Fidus Investment has a 12 month low of $16.86 and a 12 month high of $22.09.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, February 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Fidus Investment had a return on equity of 10.71% and a net margin of 52.87%.The firm had revenue of $32.73 million for the quarter, compared to analyst estimates of $39.46 million. On average, equities analysts anticipate that Fidus Investment will post 2.02 earnings per share for the current year.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.