Fidus Investment Corporation (FDUS) to Issue Special Dividend of $0.19 on June 29th

Fidus Investment Corporation (NASDAQ:FDUS) announced a special dividend on Monday, May 4th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.19 per share by the asset manager on Monday, June 29th. This represents a yield of 388.0%. The ex-dividend date is Tuesday, June 16th.

Fidus Investment has raised its dividend payment by an average of 0.1%per year over the last three years. Fidus Investment has a 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 fall. Equities research analysts expect Fidus Investment to earn $1.99 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 86.4%.

Fidus Investment Price Performance

Shares of FDUS stock opened at $18.82 on Friday. The stock’s fifty day moving average price is $18.58 and its 200 day moving average price is $18.82. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $22.09. The company has a market cap of $714.22 million, a price-to-earnings ratio of 8.25 and a beta of 0.68.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The company had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $42.30 million. As a group, equities research analysts anticipate that Fidus Investment will post 2.15 earnings per share for the current year.

Institutional Trading of Fidus Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. Millennium Management LLC acquired a new stake in Fidus Investment during the 4th quarter worth about $4,778,000. Jane Street Group LLC acquired a new stake in Fidus Investment during the 4th quarter worth about $2,118,000. Muzinich & Co. Inc. lifted its position in Fidus Investment by 40.3% during the 4th quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock worth $6,699,000 after acquiring an additional 99,671 shares during the period. Columbus Macro LLC lifted its position in Fidus Investment by 21.0% during the 4th quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock worth $9,376,000 after acquiring an additional 84,320 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Fidus Investment by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock worth $8,913,000 after acquiring an additional 80,500 shares during the period. Institutional investors and hedge funds own 28.14% of the company’s stock.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.