Fidus Investment Co. (FDUS) To Go Ex-Dividend on March 20th

Fidus Investment Co. (NASDAQ:FDUS) announced a — dividend on Tuesday, February 18th, Wall Street Journal reports. Investors 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 yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th.

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 tumble. 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 0.3 %

NASDAQ:FDUS opened at $21.16 on Tuesday. Fidus Investment has a 52 week low of $18.41 and a 52 week high of $23.55. The firm has a 50 day moving average of $22.22 and a 200 day moving average of $20.92. The stock has a market capitalization of $717.64 million, a price-to-earnings ratio of 7.56 and a beta of 1.39.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH cut shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

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.