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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Monday, November 10th. Investors of record on Monday, December 1st will be given a dividend of 0.12 per share on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 15.9%. The ex-dividend date of this dividend is Monday, December 1st.

Investcorp Credit Management BDC has decreased its dividend by an average of 0.1%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 dividend payout ratio of 117.1% indicating that 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 Stock Performance

ICMB stock traded up $0.08 during trading on Friday, hitting $3.01. 98,502 shares of the company traded hands, compared to its average volume of 33,985. The company has a market cap of $43.40 million, a PE ratio of -301.00 and a beta of 0.88. Investcorp Credit Management BDC has a 1 year low of $2.46 and a 1 year high of $3.47. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50-day simple moving average is $2.84 and its 200 day simple moving average is $2.84.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Investcorp Credit Management BDC had a positive return on equity of 3.33% and a negative net margin of 0.30%.The firm had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $4.41 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.