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

Fidus Investment Corporation (NASDAQ:FDUS) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.43 per share by the asset manager on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

Fidus Investment has raised its dividend by an average of 0.1%per year over the last three years. Fidus Investment has a payout ratio of 79.3% indicating that 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 $2.01 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 85.6%.

Fidus Investment Trading Up 0.4%

FDUS stock traded up $0.08 during midday trading on Friday, hitting $19.57. The stock had a trading volume of 418,259 shares, compared to its average volume of 312,488. The firm has a market cap of $742.68 million, a P/E ratio of 9.36 and a beta of 0.67. The business has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $18.88. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $21.63.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%.The firm had revenue of $32.55 million for the quarter, compared to analysts’ expectations of $42.37 million. On average, equities analysts anticipate that Fidus Investment will post 2.16 EPS for the current year.

Analysts Set New Price Targets

FDUS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.50 price objective on shares of Fidus Investment in a report on Monday, July 20th. Weiss Ratings raised shares of Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidus Investment has a consensus rating of “Hold” and an average price target of $19.50.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.