Fidus Investment Corporation (FDUS) to Distribute 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 paid 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 of this dividend is Tuesday, September 15th.

Fidus Investment has increased its dividend payment by an average of 0.1%per year over the last three years. Fidus Investment has a dividend payout ratio of 79.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Stock Performance

Shares of FDUS traded up $0.08 during trading hours on Friday, hitting $19.57. The company had a trading volume of 418,259 shares, compared to its average volume of 312,488. The stock has a market capitalization of $742.68 million, a price-to-earnings ratio of 9.36 and a beta of 0.67. The firm has a fifty day moving average price of $19.84 and a 200-day moving average price of $18.88. Fidus Investment has a 52-week low of $16.86 and a 52-week high of $21.63.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. Research analysts anticipate that Fidus Investment will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of Fidus Investment

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of Fidus Investment in the 2nd quarter worth $5,921,000. Millennium Management LLC purchased a new stake in Fidus Investment during the fourth quarter valued at $4,778,000. Van ECK Associates Corp lifted its holdings in Fidus Investment by 30.3% in the second quarter. Van ECK Associates Corp now owns 929,242 shares of the asset manager’s stock valued at $17,721,000 after acquiring an additional 216,180 shares during the period. BlackRock Inc. purchased a new position in Fidus Investment in the second quarter worth about $2,633,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Fidus Investment in the second quarter worth about $2,133,000. 28.14% of the stock is currently owned by institutional investors.

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.