Fidus Investment (US:FDUS) Globenewswireยท2025-03-06 21:05Core Points - Fidus Investment Corporation declared a total dividend of $0.54 per share for the first quarter of 2025, consisting of a base dividend of $0.43 and a supplemental dividend of $0.11 [25] - The company reported a 13.8% increase in assets under management on a fair value basis for the year 2024, with a total investment income of $146.1 million, up 12.3% from the previous year [5][12] - Net investment income for the fourth quarter of 2024 was $18.6 million, or $0.55 per share, representing a 10.1% increase compared to the same period in 2023 [10][7] Financial Highlights - For the fourth quarter of 2024, total investment income was $37.5 million, with net investment income of $18.6 million, and adjusted net investment income of $18.4 million [7][8] - The full year 2024 saw total investment income of $146.1 million, net investment income of $74.6 million, and adjusted net investment income of $75.4 million [12][14] - The company paid total dividends of $2.42 per share for the year 2024, which included regular quarterly dividends totaling $1.72 and supplemental dividends of $0.70 [7][12] Portfolio and Investment Activities - As of December 31, 2024, the fair value of Fidus's investment portfolio was $1.1 billion, consisting of 87 active portfolio companies [16] - The company invested $120.3 million in debt and equity securities during the fourth quarter of 2024, including five new portfolio companies [7] - The weighted average yield on debt investments was 13.3% as of December 31, 2024 [17] Subsequent Events - On January 6, 2025, Fidus invested $15.0 million in first lien debt and $0.8 million in common equity of Customer Expressions Corp [19] - On January 7, 2025, the company invested $19.0 million in first lien debt and $0.4 million in common equity in Onsight Industries, LLC [20] - On January 14, 2025, Fidus exited its preferred equity investment in Healthfuse, LLC, realizing a gain of approximately $3.2 million [21]