Fidus Investment Corporation (FDUS) to Issue Quarterly Dividend of $0.43 on December 29th

Fidus Investment Corporation (NASDAQ:FDUS) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, December 19th will be paid a dividend of 0.43 per share by the asset manager on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, December 19th.

Fidus Investment has raised its dividend by an average of 0.1%annually over the last three years. 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 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 Down 0.6%

FDUS traded down $0.13 during trading hours on Wednesday, reaching $19.68. 126,952 shares of the company’s stock traded hands, compared to its average volume of 214,067. The firm has a 50-day moving average price of $19.98 and a 200 day moving average price of $20.52. Fidus Investment has a 52-week low of $16.70 and a 52-week high of $23.55. The firm has a market capitalization of $716.76 million, a PE ratio of 8.34 and a beta of 0.71.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, November 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $37.25 million during the quarter, compared to the consensus estimate of $37.29 million. Fidus Investment had a return on equity of 10.91% and a net margin of 54.03%. Equities analysts predict that Fidus Investment will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidus Investment

A number of large investors have recently made changes to their positions in the business. Quarry LP acquired a new position in Fidus Investment during the 1st quarter valued at about $28,000. State of Alaska Department of Revenue acquired a new position in shares of Fidus Investment in the 3rd quarter valued at about $28,000. Atlantic Union Bankshares Corp purchased a new position in Fidus Investment during the third quarter valued at approximately $30,000. AdvisorNet Financial Inc lifted its holdings in Fidus Investment by 137.4% in the second quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Fidus Investment by 5,750.0% in the third quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 2,185 shares during the period. 28.14% of the stock is owned by institutional investors and hedge funds.

About Fidus Investment

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.