PM Images Fidus Investment Corporation (NASDAQ:FDUS) is a well-managed business development company that has earned a reputation for distributing a large amount of special dividends to shareholders in the last year. The company's core dividend pay-out ratio in the first quarter was well below 100% and Fidus Investment's net asset value remained, despite the distribution of a considerable amount of portfolio income to shareholders, stable on a YoY basis. I think that Fidus Investment continues to make a comp ...

John M Lund Photography Inc/DigitalVision via Getty Images Overview When investing into business development companies, I tend to focus on how sustainable the high yield is. After all, the high yield is the main appeal as I use BDCs to prioritize and add income to my portfolio. I came across SLR Investment Corp (NASDAQ:SLRC) this past weekend and wanted to see if it met my standards. For me to consider a BDC, they have to meet the following criteria: Diverse portfolio of investments across different sector ...

Bryce Rowe Ed Ross Paul Johnson Paul Johnson Sure. Great question. We haven't really seen structural changes. One of the things we like about the lower middle market is we have real maintenance covenants. Many times, we have 2 covenants, both the leverage and fixed charge. That's a large majority of our situations on our investments. And that's different than the upper market, if you will, the larger market, very different. And I would say the spreads to those maintenance covenants are also narrower. The co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-5017321 ( ...

Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Board of Directors Declared Total Dividends of $0.59 per Share for Second Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.16 Per Share EVANSTON, Ill., May 2, 2024 – Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial resu ...

tadamichi December last year, I began covering several BDCs and one of them was Fidus Investment (NASDAQ:FDUS). At that time considering FDUS's fundamentals and market environment, I decided to assume a more neutral stance setting a "hold" rating. Since the publication of my article, the BDC has underperformed the benchmark by roughly 230 basis points (on a total return basis). YCharts In general, early start of 2024 has brought many divergences in the BDC space, where the gap between outperformers and ...

marekuliasz In this article, we catch up on Q4 results from the Business Development Company ("BDC") Fidus Investment (NASDAQ:FDUS). FDUS trades at a total dividend yield of 13.4% and a 100% valuation. FDUS invests in the lower middle-market segment and is overweight the Technology sector. Our key takeaway is that FDUS offers one of the best opportunities in the BDC market, particularly for investors who want to diversify away from the upper middle-market popular names like ARCC, OCSL, OBDC and others. ...

Question-and-Answer Session Operator We will now begin the question-and-answer session. [Operator Instructions] The first question comes from Robert Dodd with Raymond James. Please go ahead. Robert Dodd Good morning and congratulations on another really good quarter. Couple questions. On the -- Ed, you mentioned strategic pruning of the portfolio during the opening rights. Could you give us any more color on that? I mean, a decent chunk of that sounds like it was equity. Was it people requesting dividend re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-K (Mark One) (cid:0) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 814-00861 FIDUS INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5 ...

Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Board of Directors Declared Total Dividends of $0.65 per Share for First Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.22 Per Share EVANSTON, Ill., February 29, 2024 – Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announce ...