Fidus Investment Corporation (NASDAQ:FDUS) Announces Dividend Increase - $0.57 Per Share

Key Points

• Fidus Investment Corporation has increased its dividend to $0.57 per share, a significant rise of 418.2% from its previous dividend of $0.11.
• The company's ex-dividend date is September 18th, with payment scheduled for September 25th, and a current yield of 800.0%.
• Fidus Investment reported earnings of $0.57 EPS for the last quarter, exceeding expectations, and had a payout ratio of 79.3%, indicating that its dividend is currently supported by earnings.

Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report) declared a -- dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.57 per share by the asset manager on Thursday, September 25th. This represents a dividend yield of 800.0%. The ex-dividend date is Thursday, September 18th. This is a 418.2% increase from Fidus Investment's previous -- dividend of $0.11.

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 Trading Down 0.3%

Shares of NASDAQ:FDUS traded down $0.06 during midday trading on Wednesday, reaching $21.40. The company had a trading volume of 55,269 shares, compared to its average volume of 200,077. The stock has a market cap of $756.96 million, a P/E ratio of 9.29 and a beta of 0.95. Fidus Investment has a 52-week low of $16.70 and a 52-week high of $23.55. The company's 50 day moving average price is $20.69 and its 200 day moving average price is $20.67.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The firm had revenue of $39.97 million for the quarter, compared to the consensus estimate of $37.42 million. Research analysts forecast that Fidus Investment will post 2.28 EPS for the current fiscal year.

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.