Fidus Investment Corporation (NASDAQ:FDUS) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.30 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 8.39 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 3, 2020.
Dividends History
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Fidus Investment Corporation recently reported second quarter financial results on August 6, 2020, after market close, the Evanston based company recorded income for the second quarter of $ 0.37 per share, from the revenue of $ 20.43 million. The quarterly earnings gained 8.82 percent while revenues gained 13.06 percent compared with the same quarter last year.
According to street consensus, FDUS was expected to report 2Q20 income of $ 0.32 per share from revenue of $ 18.43 million. The bottom line results beat street analysts by $ 0.05 or 15.63 percent, at the same time, top line results outshined analysts by $ 2.00 million or 10.85 percent.
Stock Performance
Shares of Fidus Investment Corporation traded up $ 0.16 or 1.13 percent on Tuesday, reaching $ 14.31 with volume of 263.00 thousand shares. Fidus Investment Corporation has traded high as $ 14.48 and has cracked $ 14.20 on the downward trend
According to the previous trading day, closing price of $ 14.31, representing a 217.98 % increase from the 52 week low of $ 4.45 and a 12.06 % decrease over the 52 week high of $ 16.09.
The company has a market capital of $ 349.70 million and is part of the Financial Services sector and Asset Management industry.
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. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors.
