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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Investors of record on Friday, April 25th will be given a dividend of 0.12 per share on Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 14.91%. The ex-dividend date of this dividend is Friday, April 25th.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 8.7% annually over the last three years. Investcorp Credit Management BDC has a dividend payout ratio of 109.1% 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 Trading Up 0.3 %

Shares of Investcorp Credit Management BDC stock traded up $0.01 on Thursday, reaching $3.22. 24,846 shares of the company’s stock were exchanged, compared to its average volume of 24,959. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day moving average is $3.17 and its two-hundred day moving average is $3.14. The company has a market capitalization of $46.39 million, a P/E ratio of 9.76 and a beta of 1.72. Investcorp Credit Management BDC has a 52 week low of $2.91 and a 52 week high of $3.67.

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

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.