Investors looking to cash in on Fidus Investment’s next dividend payout must ensure they own the stock before the ex-dividend date, set for Tuesday. Shareholders who hold FDUS as of Monday’s close will be eligible to receive a quarterly dividend of 43 cents per share on March 27, 2024.
Fidus Investment Corporation closed at $18.91 on Friday and typically invests between $5 million and $15 million per transaction across various sectors. Specializing in leveraged buyouts, refinancings, and strategic acquisitions, the company has a market cap of $475.942M, 25.32M shares outstanding, a dividend yield of 12.18%, and an EPS of $1.72.
Analysts have set an average price target of $21.50 for FDUS, with a consensus to hold the stock. The company’s stock price has ranged from a low of $14.54 to a high of $20.47 in the past year. Fidus Investment Corporation’s next earnings report is scheduled for November 2, 2023, following a successful report on August 3, 2023, where the company exceeded expectations with an EPS of $0.62. Ares Management LLC is among the major shareholders of Fidus Investment Corporation.
FDUS Stock Price Drops Slightly on March 14, 2024: Importance of Monitoring Stock Performances
On March 14, 2024, FDUS stock experienced a slight decrease in its price momentum. Throughout the day, the price of FDUS shares dropped by $0.12, resulting in a 0.62% decrease since the market last closed.
While this decrease may seem minor, it is important for investors to monitor these fluctuations in stock prices as they can provide valuable insights into the overall performance of a company. The drop in FDUS stock price could be attributed to a variety of factors, such as market conditions, industry trends, or company-specific news.
As with any investment, it is crucial for investors to conduct thorough research and analysis before making any decisions. By staying informed about the performance of FDUS stock and keeping up-to-date with relevant news and market trends, investors can make more informed decisions about their investment strategies.
Overall, the slight decrease in FDUS stock price on March 14, 2024, serves as a reminder of the importance of monitoring stock performances and staying vigilant in the ever-changing world of investing.
FDUS Stock Analysis: Strong Net Income Growth Despite Decrease in Revenue
On March 14, 2024, FDUS stock had mixed performances based on the financial data provided by CNN Money. The total revenue for the company was reported at $154.18 million for the past year, showing a decrease of 3.5% compared to the previous year. However, the total revenue remained flat since the last quarter, with a reported amount of $56.12 million.
In terms of net income, FDUS reported a net income of $77.13 million for the past year, which represented an impressive increase of 115.32% compared to the previous year. Like the total revenue, the net income held flat since the last quarter, with a reported amount of $26.43 million.
Earnings per share (EPS) for FDUS were reported at $2.93 for the past year, showing a significant increase of 99.84% compared to the previous year. However, the EPS decreased by 4.88% since the last quarter, with a reported amount of $0.87.
Overall, FDUS stock showed strong growth in net income and earnings per share over the past year, despite a slight decrease in total revenue. Investors may want to keep an eye on FDUS stock in the coming months to see if the company can continue its growth trajectory.
