Fidus Investment Co. (NASDAQ:FDUS) Plans Dividend Increase – $0.57 Per Share

Fidus Investment Co. (NASDAQ:FDUS) announced a quarterly dividend on Monday, July 29th, Zacks reports. Shareholders 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 11.30%. The ex-dividend date of this dividend is Thursday, September 19th. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43.

Fidus Investment has a 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 research 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 Down 0.1 %

FDUS opened at $20.17 on Wednesday. Fidus Investment has a twelve month low of $17.63 and a twelve month high of $20.60. The company has a fifty day moving average of $19.67 and a 200-day moving average of $19.72. The stock has a market cap of $636.44 million, a PE ratio of 6.93 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. The firm had revenue of $35.66 million during the quarter, compared to the consensus estimate of $34.88 million. During the same period last year, the business posted $0.62 EPS. Sell-side analysts anticipate that Fidus Investment will post 2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of 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.