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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Monday, November 10th. Investors of record on Monday, December 1st will be given a dividend of 0.12 per share on Friday, December 12th. This represents a c) annualized dividend and a yield of 15.9%. The ex-dividend date of this dividend is Monday, December 1st.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Investcorp Credit Management BDC has a payout ratio of 117.1% meaning 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 Price Performance

Shares of ICMB stock traded up $0.08 during midday trading on Friday, reaching $3.01. 98,502 shares of the company were exchanged, compared to its average volume of 33,985. The company’s 50 day moving average price is $2.84 and its two-hundred day moving average price is $2.84. The company has a market cap of $43.40 million, a P/E ratio of -301.00 and a beta of 0.88. Investcorp Credit Management BDC has a 12 month low of $2.46 and a 12 month high of $3.47. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $4.36 million for the quarter, compared to analyst estimates of $4.41 million. Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

Several institutional investors have recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Investcorp Credit Management BDC in the first quarter worth approximately $38,000. Westbourne Investments Inc. bought a new stake in Investcorp Credit Management BDC in the first quarter worth approximately $100,000. Finally, Bulldog Investors LLP increased its stake in shares of Investcorp Credit Management BDC by 45.8% during the 3rd quarter. Bulldog Investors LLP now owns 522,752 shares of the company’s stock worth $1,453,000 after purchasing an additional 164,281 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Investcorp Credit Management BDC Company Profile

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.