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

Fidus Investment Co. (NASDAQ:FDUS) declared a — dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders 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 dividend 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 decline. 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 Price Performance

Shares of Fidus Investment stock traded up $0.01 during trading on Wednesday, hitting $23.34. 194,394 shares of the stock were exchanged, compared to its average volume of 163,631. The firm’s 50-day moving average price is $21.66 and its 200 day moving average price is $20.56. The stock has a market cap of $791.69 million, a price-to-earnings ratio of 8.34 and a beta of 1.39. Fidus Investment has a 12-month low of $18.41 and a 12-month high of $23.55.

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.