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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Stockholders of record on Friday, April 25th will be paid 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 is Friday, April 25th.

Investcorp Credit Management BDC has decreased its dividend by an average of 8.7% per year over the last three years. Investcorp Credit Management BDC has a 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 0.6 %

Shares of ICMB opened at $3.22 on Friday. The stock 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 twelve month low of $2.91 and a twelve month high of $3.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.14.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm 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%.

About Investcorp Credit Management BDC

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.