Fidus Investment Co. Announces — Dividend of $0.11 (NASDAQ:FDUS)

Fidus Investment Co. (NASDAQ:FDUS) announced a — dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Thursday, March 20th will be given a dividend of 0.11 per share by the asset manager on Thursday, March 27th. This represents a yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th.

Fidus Investment has a 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. 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 Performance

FDUS stock opened at $21.16 on Tuesday. The firm has a market cap of $717.64 million, a PE ratio of 7.56 and a beta of 1.39. The firm’s fifty day moving average is $22.22 and its 200 day moving average is $20.92. Fidus Investment has a one year low of $18.41 and a one year high of $23.55.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

About Fidus Investment

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.