Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Announces Quarterly Dividend of $0.12

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Tuesday, April 15th, Wall Street Journal reports. Shareholders of record on Saturday, May 24th will be paid a dividend of 0.12 per share on Saturday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.89%. The ex-dividend date of this dividend is Friday, May 23rd.

Investcorp Credit Management BDC has decreased its dividend by an average of 8.7% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Investcorp Credit Management BDC has a payout ratio of 111.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Investcorp Credit Management BDC Trading Up 1.3%

NASDAQ ICMB opened at $3.02 on Wednesday. The stock has a market cap of $43.53 million, a P/E ratio of 9.15 and a beta of 0.76. The stock’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.06. Investcorp Credit Management BDC has a 12 month low of $2.46 and a 12 month high of $3.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Tuesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%. The firm had revenue of $4.78 million during the quarter, compared to analysts’ expectations of $5.45 million.

Investcorp Credit Management BDC Company Profile

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.