Fidus Investment Co. (NASDAQ:FDUS) Announces Quarterly Dividend of $0.57

Fidus Investment Co. (NASDAQ:FDUS) declared a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.57 per share by the asset manager on Thursday, September 26th. This represents a $2.28 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date is Thursday, September 19th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.43.

Fidus Investment has a payout ratio of 79.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Fidus Investment to earn $2.17 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 79.3%.

Fidus Investment Stock Performance

FDUS stock opened at $20.19 on Tuesday. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $20.60. The stock has a market capitalization of $637.08 million, a price-to-earnings ratio of 6.94 and a beta of 1.40. The stock’s fifty day moving average is $19.66 and its two-hundred day moving average is $19.71.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.57 earnings per share 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 firm had revenue of $35.66 million for the quarter, compared to the consensus estimate of $34.88 million. During the same period last year, the firm posted $0.62 EPS. As a group, analysts predict that Fidus Investment will post 2.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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