Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) announced a -- dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders 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 dividend yield of 7.4%. The ex-dividend date is Thursday, March 20th.
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 decline. Equities 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 Down 0.8 %
Shares of NASDAQ:FDUS traded down $0.18 during trading on Friday, reaching $23.06. 111,574 shares of the company's stock traded hands, compared to its average volume of 161,170. Fidus Investment has a fifty-two week low of $18.41 and a fifty-two week high of $23.55. The firm has a market cap of $782.20 million, a PE ratio of 8.24 and a beta of 1.39. The company has a 50-day simple moving average of $21.77 and a 200-day simple moving average of $20.63.
About Fidus Investment
(
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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.
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