Fidus Investment Corporation Plans Quarterly Dividend of $0.43 (NASDAQ:FDUS)

Fidus Investment Corporation (NASDAQ:FDUS) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.43 per share by the asset manager on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Fidus Investment has raised its dividend by an average of 0.1%annually 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 tumble. Equities analysts expect Fidus Investment to earn $2.01 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 85.6%.

Fidus Investment Trading Up 0.4%

FDUS stock traded up $0.08 during trading hours on Friday, hitting $19.57. 418,259 shares of the stock traded hands, compared to its average volume of 312,488. The stock has a 50-day simple moving average of $19.84 and a 200 day simple moving average of $18.88. The company has a market cap of $742.68 million, a P/E ratio of 9.36 and a beta of 0.67. Fidus Investment has a one year low of $16.86 and a one year high of $21.63.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%. Analysts forecast that Fidus Investment will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FDUS shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings raised Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidus Investment currently has an average rating of “Hold” and a consensus price target of $19.50.

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.