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

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, March 20th will be given a dividend of 0.43 per share by the asset manager on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, March 20th.

Fidus Investment has increased its dividend payment by an average of 0.1%annually over the last three years. 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 decline. Equities research analysts expect Fidus Investment to earn $2.12 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 81.1%.

Fidus Investment Stock Performance

Shares of Fidus Investment stock traded up $0.36 during trading hours on Wednesday, reaching $18.85. 127,138 shares of the company were exchanged, compared to its average volume of 221,657. The firm has a market cap of $686.67 million, a PE ratio of 8.00 and a beta of 0.73. Fidus Investment has a 1 year low of $16.70 and a 1 year high of $23.48. The stock’s fifty day moving average is $19.40 and its 200 day moving average is $20.11.

Fidus Investment Company Profile

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.