Fidus Investment Co. (NASDAQ:FDUS – Get Rating) announced a quarterly dividend on Wednesday, February 15th, Zacks reports. Investors of record on Wednesday, March 22nd will be paid a dividend of 0.51 per share by the asset manager on Wednesday, March 29th. This represents a $2.04 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend is Tuesday, March 21st. This is an increase from Fidus Investment’s previous quarterly dividend of $0.36.
Fidus Investment has decreased its dividend by an average of 2.6% annually over the last three years and has increased its dividend every year for the last 3 years. Fidus Investment has a dividend payout ratio of 80.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Fidus Investment to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 79.2%.
Fidus Investment Price Performance
FDUS opened at $19.25 on Friday. Fidus Investment has a 12 month low of $16.40 and a 12 month high of $21.25. The stock has a market capitalization of $478.17 million, a P/E ratio of 13.10 and a beta of 1.50. The business has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $19.37.
Hedge Funds Weigh In On Fidus Investment
Analyst Upgrades and Downgrades
Several brokerages have commented on FDUS. B. Riley boosted their target price on shares of Fidus Investment from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidus Investment from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, March 6th. Finally, StockNews.com began coverage on shares of Fidus Investment in a report on Thursday. They issued a “hold” rating for the company.
Fidus Investment Company Profile
Fidus Investment Corporation is a business development company 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.
- Get a free copy of the StockNews.com research report on Fidus Investment (FDUS)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.