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

Fidus Investment Co. (NASDAQ:FDUS) declared a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.54 per share by the asset manager on Wednesday, June 25th. This represents a $2.16 annualized dividend and a dividend yield of 10.68%. The ex-dividend date of this dividend 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 fall. Equities 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

Shares of Fidus Investment stock opened at $20.23 on Wednesday. Fidus Investment has a 52-week low of $16.70 and a 52-week high of $23.55. The business’s 50 day simple moving average is $19.57 and its 200 day simple moving average is $20.78. The firm has a market cap of $702.63 million, a PE ratio of 7.23 and a beta of 0.92.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $35.61 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. As a group, equities research analysts predict that Fidus Investment will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FDUS shares. LADENBURG THALM/SH SH lowered Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on Fidus Investment from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, B. Riley began coverage on Fidus Investment in a report on Tuesday. They set a “buy” rating and a $22.00 price target for the company.

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.