Fidus Investment Co. (NASDAQ:FDUS) Increases Dividend to $0.61 Per Share

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.61 per share by the asset manager on Friday, December 27th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.54%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidus Investment's previous quarterly dividend of $0.57.

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 research analysts expect Fidus Investment to earn $2.11 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 81.5%.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS traded down $0.05 during midday trading on Friday, reaching $19.45. 264,795 shares of the company's stock traded hands, compared to its average volume of 241,236. Fidus Investment has a 1 year low of $18.41 and a 1 year high of $20.60. The company has a market cap of $644.96 million, a P/E ratio of 6.04 and a beta of 1.39. The company has a fifty day simple moving average of $19.71 and a two-hundred day simple moving average of $19.74.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The firm had revenue of $35.66 million for the quarter, compared to analyst estimates of $34.88 million. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. During the same quarter last year, the firm posted $0.62 EPS. As a group, research analysts forecast that Fidus Investment will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded Fidus Investment to a "hold" rating in a report on Monday, August 5th.

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.