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

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

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 tumble. 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 Up 1.3%

Shares of NASDAQ FDUS traded up $0.25 during mid-day trading on Monday, hitting $19.91. 10,675 shares of the company were exchanged, compared to its average volume of 213,458. The stock has a 50 day simple moving average of $19.66 and a 200-day simple moving average of $20.78. Fidus Investment has a 1-year low of $16.70 and a 1-year high of $23.55. The firm has a market cap of $691.38 million, a price-to-earnings ratio of 7.10 and a beta of 0.92.

Fidus Investment (NASDAQ:FDUS - Get Free Report) 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. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The company had revenue of $36.50 million for the quarter, compared to analyst estimates of $35.61 million. Analysts anticipate that Fidus Investment will post 2.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FDUS shares. LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods dropped their price objective on shares of 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.

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.

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