Fidus Investment Co. (NASDAQ:FDUS) Declares Quarterly Dividend of $0.54

Fidus Investment Co. (NASDAQ:FDUS) announced a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.54 per share by the asset manager on Wednesday, June 25th. This represents a $2.16 annualized dividend and a dividend yield of 10.85%. The ex-dividend date is Friday, June 13th.

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. 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 FDUS traded up $0.25 during mid-day trading on Monday, hitting $19.91. The company’s stock had a trading volume of 10,675 shares, compared to its average volume of 213,458. Fidus Investment has a one year low of $16.70 and a one year high of $23.55. The firm has a market capitalization of $691.38 million, a PE ratio of 7.10 and a beta of 0.92. The stock’s 50-day moving average is $19.66 and its two-hundred day moving average is $20.78.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, May 8th. The asset manager reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $36.50 million during the quarter, compared to analysts’ expectations of $35.61 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. Analysts expect that Fidus Investment will post 2.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FDUS. Keefe, Bruyette & Woods dropped their price objective on Fidus Investment from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH lowered Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

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.