| Fidus Investment (FDUS) Q1 2025 Earnings Call Transcript |
Fidus Investment (NASDAQ:FDUS ) Q1 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants Jody Burfening - Alliance Advisors IR Edward Ross - Chairman, Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Mickey Schleien - Ladenburg Thalmann & Co. Inc. Sean Paul Adams - B. Riley Securities Operator Good day and welcome to the Fidus First Quarter 2025 Earnings Conference Call. |
seekingalpha.com |
2025-05-09 15:12:32 |
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| Fidus Investment (FDUS) Beats Q1 Earnings and Revenue Estimates |
Fidus Investment (FDUS) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.59 per share a year ago. |
zacks.com |
2025-05-08 23:00:51 |
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| My Income Portfolio: In The Garden Of Eden |
Total Return can be misleading if not supported by NAV growth, as it may include unsustainable distributions and Return of Capital. Behavioral finance shows markets are irrational, making it crucial to consider practical aspects beyond theoretical Total Return calculations. I believe that NAV performance can affect our discretion in the reinvestment choices for the distributions we receive from our savings much more than Total Return. |
seekingalpha.com |
2025-05-05 17:27:24 |
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| My BDC Portfolio: 2 Months In And A Clear Alpha Performance |
My BDC Portfolio: 2 Months In And A Clear Alpha Performance |
seekingalpha.com |
2025-05-01 13:15:00 |
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| Fidus Investment Corporation Schedules First Quarter 2025 Earnings Release and Conference Call |
EVANSTON, Ill., April 24, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its first quarter 2025 financial results on Thursday, May 8, 2025 after the close of the financial markets. |
globenewswire.com |
2025-04-24 20:05:00 |
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| Fidus Investment: Back On My Radar, But There Are Stronger Picks |
FDUS is back on my "buy" list due to its solid valuation, despite increased market uncertainty from tariffs and potential recession risks. FDUS boasts a well-covered +9% regular dividend yield, with a current DPS coverage of 125%. FDUS has a solid portfolio with 78.6% secured debt investments, but I prefer BXSL and MSDL for their higher focus on first-lien debt in uncertain times. |
seekingalpha.com |
2025-04-23 18:01:37 |
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| Fidus Investment: Irresistible Buying Opportunity |
I upgraded Fidus Investment Corporation to 'Strong Buy' due to its well-covered dividends and substantial valuation haircut, with robust net investment activity and potential lower interest rates. Fidus Investment's portfolio value increased 14% YoY, driven by strong demand for investment capital, leading to a 10% YoY rise in net investment income. The BDC's low 75% dividend payout ratio and 4% discount to net asset value make it a compelling passive income investment. |
seekingalpha.com |
2025-04-23 16:26:30 |
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| Enough With 60/40, Consider 100% Dividend Strategy For Retirement |
The 60/40 portfolio, with 60% in equities and 40% in bonds, has long been the gold standard in the investment game. Yet, it has failed to deliver on its promise. In my view, a durable income strategy is a better approach, especially for funding retirement and becoming financially independent. |
seekingalpha.com |
2025-04-18 13:15:00 |
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| Fidus Investment: Discounted And A Quality 10%+ Dividend, It Is A Buy |
Fidus Investment has suffered just as hard as most of its BDC peers. Since March 2025, FDUS's P/NAV has dropped from 1.21x to 0.91x now. The base dividend yield has increased accordingly, reaching ~10%. |
seekingalpha.com |
2025-04-12 14:43:03 |
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| Fidus Investment (FDUS) Stock Jumps 7.9%: Will It Continue to Soar? |
Fidus Investment (FDUS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2025-04-10 15:30:35 |
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| Volatile Times But Stable Retirement Income: 1 BDC And 1 REIT To Buy |
My core strategy focuses on high-quality, durable income streams, which are now benefiting from the current market conditions favoring value/income-based investing. Income investors may finally outperform growth-tilted indices due to macro-level factors muting growth expectations and emphasizing quality and defense. Yet, we have to still be careful of not falling into value traps and securities that have a thin margin of safety on their dividend fronts. |
seekingalpha.com |
2025-04-04 13:15:00 |
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| How To Navigate BDC Investing In Lower Interest Rate Environment |
Lower interest rates negatively impact BDCs' net investment income due to the floating rate nature of their loans tied to the Fed Funds rate. A typical BDC portfolio, with a debt to equity ratio of 1.0x, cannot fully offset lower rates through floating leverage. However, there are some ways to manage this situation. |
seekingalpha.com |
2025-04-01 13:15:00 |
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| Worried About BDC Dividends? Consider These 3 For Durable Income |
BDC dividend investors, who want to avoid seeing their portfolio current income streams shrink have to be extra careful when picking BDCs. Largely due to unfavorable sector-wide conditions, many BDCs have already cut their dividends (just as I predicted). In my view, there are many more in line. |
seekingalpha.com |
2025-03-31 13:15:00 |
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| My BDC Portfolio And The Strategy For Alpha Going Forward |
This is my first BDC portfolio monthly performance review article. The good news is that the portfolio has done its job, outperforming the two BDC benchmarks - PBDC and BIZD. Yet, on an absolute basis, the portfolio is slightly down. |
seekingalpha.com |
2025-03-28 11:15:00 |
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| Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick |
BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments. |
seekingalpha.com |
2025-03-23 11:15:00 |
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| BDC Weekly Review: Underperformers Remain Expensive |
We take a look at the action in business development companies through the second week of March and highlight some of the key themes we are watching. BDCs enjoyed a sharp rally late in the week, but still ended down 2.5%. FSK and MFIC once again delivered below-average results, trading at decent discounts but not enough to justify allocation. |
seekingalpha.com |
2025-03-23 10:22:00 |
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| Fidus Investment: Good Results, But Wait For Better Entry Point |
Fidus Investment delivered a 2.8% total NAV return in Q4, outperforming other BDCs in our coverage. Q4 adjusted net income fell to $0.54 due to a drop in SOFR, temporary income dilution from share issuance, and an excise tax charge. FDUS declared a total dividend of $0.54 for Q3, with a managed dividend policy causing potential volatility in total dividends quarter-to-quarter. |
seekingalpha.com |
2025-03-22 09:39:58 |
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| BDC Weekly Review: A Mystery On The Horizon |
We take a look at the action in business development companies through the first week of March and highlight some of the key themes we are watching. BDCs had a tough week despite a strong finish on the back of increased market volatility and worsening risk sentiment. Horizon Tech Finance delivered a negative 3.5% total NAV return in Q4, continuing its trend of underperformance, yet it trades at a premium. |
seekingalpha.com |
2025-03-15 09:46:32 |
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| Fidus Investment Corporation Prices Public Offering of $100 Million of 6.750% Notes Due 2030 |
EVANSTON, Ill., March 12, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of 6.750% notes due 2030 (the “Notes”). |
globenewswire.com |
2025-03-12 18:35:00 |
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| My Income Portfolio: Financial Awareness |
The essence of financial awareness is to realize that money can work for us through our investments. Understanding the value of money is the first step toward financial education, which leads to the selection of the most appropriate tools for developing that awareness. In my case, the instruments I have adopted are largely high-income vehicles, with monthly and, in some cases, quarterly distribution. |
seekingalpha.com |
2025-03-10 15:50:52 |
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| Fidus Investment: High Dividend Yield, Solid Financials And A Clear Long-Term Breakout |
Fidus Investment is a long-term investment with a strong dividend yield, supported by its solid financials and well-structured portfolio. The company boasts a high net income margin and consistent revenue growth, with a conservative debt-to-equity ratio of 0.7x. FDUS stock remains undervalued despite reaching all-time highs, trading at just 8.3x earnings. |
seekingalpha.com |
2025-02-26 06:20:29 |
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| Fidus Investment Corporation Schedules Fourth Quarter 2024 Earnings Release and Conference Call |
EVANSTON, Ill., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its fourth quarter 2024 financial results on Thursday, March 6, 2025 after the close of the financial markets. |
globenewswire.com |
2025-02-25 18:05:00 |
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| My BDC Portfolio To Beat The Index And Generate Durable Income |
In this article I have elaborated on my actual BDC portfolio. The objective of this portfolio is to beat the BDC-specific indices/ETFs and capture durable base dividends. The portfolio is optimized across leverage, dividend coverage, yield, and valuation levers. |
seekingalpha.com |
2025-02-24 11:15:00 |
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| BDC Weekly Review: Few Worries About MSDL Share Cap Raise |
We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs saw a strong 2% gain, driven by solid earnings and hot inflation numbers, with CGBD underperforming due to a BOA rating cut. Morgan Stanley Direct Lending Fund seeks shareholder approval to increase shares significantly, a common practice among BDCs with minimal dilution concerns. |
seekingalpha.com |
2025-02-22 08:31:28 |
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| Fidus Investment Corporation Declares First Quarter 2025 Dividend |
EVANSTON, Ill., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”) today announced that its Board of Directors on February 18, 2025 declared a base dividend of $0.43 per share and a supplemental dividend of $0.11 per share for the first quarter of 2025. The Company's dividends will be payable on March 27, 2025 to stockholders of record as of March 20, 2025. |
globenewswire.com |
2025-02-18 18:05:00 |
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| 5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees |
As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix. |
seekingalpha.com |
2025-01-31 11:15:00 |
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| 2 High Yield BDCs With Exceptional Value To Price Ratio |
BDC investing is primarily about income with less emphasis on growth. One way to activate the second (price appreciation) component is through investing in heavily discounted BDCs. The other, more prudent approach is to invest in high-quality BDCs that should deserve higher premium, where from a price-to-value convergence, investors could enhance the total return performance. |
seekingalpha.com |
2025-01-25 11:15:00 |
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| Fidus Investment: A Proven Winner For Steady Income And Market-Beating Total Returns |
Fidus Investment has delivered strong market-beating total returns through a disciplined investment approach and attractive dividends. FDUS's portfolio, comprised mostly of senior secured debt, has shown consistent growth, low non-accruals, and NAV/share accretion, supported by a conservative balance sheet. With a fair current valuation at a P/Book value of 1.12x, existing investors might want to wait for a slightly more attractive entry point while receiving high and covered dividends. |
seekingalpha.com |
2025-01-22 10:40:00 |
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| FIDUS Investment: Turning To Hold With Positive Outlook On Dividend Safety (Rating Downgrade) |
Fidus Investment is one of my favorite BDCs, focusing on debt and equity financing solutions with a diversified portfolio of 85 companies. FDUS targets lower middle-market businesses, emphasizing niche market leaders, diversified customer bases, strong cash flows, and robust management teams. The portfolio is concentrated in IT Services and Business Services, making up 35.4% and 11.9% respectively. |
seekingalpha.com |
2025-01-21 13:41:41 |
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| An 8%+ Retirement Income Cocktail Of: 1 BDC, 1 MLP, And 1 ETF |
The usual sweet spot range for high and durable income is 6-8%. Anything above that tends to come with unfavorable financial risk. Yet, by being selective and careful, 8%+ exceptions can be found. |
seekingalpha.com |
2025-01-16 11:15:00 |
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| Combat Inflation With High Yields: Two 10%+ Durable Dividends |
High inflation is a serious risk for sustainable wealth creation. One of the best ways to beat inflation and generate real value is devising a high yield strategy. Such a strategy comes with its own set of risks such as income reduction and inflation gradually over time exceeding dividends. |
seekingalpha.com |
2025-01-15 11:15:00 |
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| Fidus Investment: Resilient Portfolio Strategy And Health Dividend Coverage |
Fidus Investment offers a high dividend yield of 11.5%, supported by a well-structured portfolio of secured debt investments and consistent earnings. Despite trading at a slight premium to NAV, FDUS remains fairly valued compared to peers. The portfolio's overall credit quality remains solid, as non-accruals fall within a similar range as prior quarters. |
seekingalpha.com |
2025-01-10 07:56:07 |
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| 2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid |
The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%. |
seekingalpha.com |
2025-01-09 11:15:00 |
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| My Top 10 BDCs For 2025 |
Despite expected interest rate declines, BDCs are poised for strong performance in 2025 due to potential rate hikes and inflation uncertainties. BDCs provide capital to small businesses, have high yields, and are sensitive to interest rate changes, making them attractive for dividend-focused investors. Top BDCs like Ares Capital, Main Street Capital, and Blackstone Secured Lending show strong fundamentals, conservative management, and solid balance sheets. |
seekingalpha.com |
2025-01-02 09:00:00 |
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| My 9.5% Income Portfolio: Better With Less, But Better |
Risk is the probability of a negative event in the future. An abstract concept that is not measurable; otherwise it would not be risk. Ascertaining value is the first step in controlling risk, that is, in reducing the possibility of incurring losses that cannot be predicted in advance. My choice to invest in securities with positive NAV performance over time is a way to try to control risk. |
seekingalpha.com |
2024-12-30 16:05:36 |
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| My Dividend Growth Cocktail Of 2025: 1 MLP, 1 BDC And 1 ETF |
Investing for high yields and for income growth requires different strategies. Yet, sometimes it is possible to find a middle ground by locking in decent yields and growing distributions. In the article I share my three favorite picks for capturing income growth in 2025. |
seekingalpha.com |
2024-12-29 11:15:00 |
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| Very Bad News For BDCs, But There Is A Solution |
BDCs are currently exposed to multiple structural headwinds. It is very difficult to substantiate a bullish case for the BDC sector. In my view, to achieve alpha, one would have to go far out on the risk curve. |
seekingalpha.com |
2024-12-27 11:15:00 |
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| Fidus Investment: Who's Buying This 8.4% Yielding BDC? |
Fidus Investment offers an attractive 8.4% forward yield with supplemental dividends, making it a solid choice for income-focused investors despite lacking upside catalysts. The BDC's portfolio value crossed $1 billion, showing impressive growth and strong first-lien debt exposure, ensuring portfolio quality and safety. FDUS has maintained dividend safety with lower leverage, ample liquidity, and spillover income, despite a challenging economic backdrop and declining interest rates. |
seekingalpha.com |
2024-12-20 09:00:00 |
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| 5 BDCs With High Dividend Resistance To Falling Interest Rates |
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either. |
seekingalpha.com |
2024-12-17 11:15:00 |
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| Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025 |
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025. |
seekingalpha.com |
2024-12-12 11:15:00 |
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| Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding |
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential. |
seekingalpha.com |
2024-12-11 11:15:00 |
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| Main Street Vs. Fidus Investment: Both Are Top Class, One Is At Better Price |
Main Street Capital and Fidus Investment have been my top BDC picks since late 2023. So far, both have outperformed the index, which might raise the question of potential overvaluation. I compare FDUS and MAIN side by side to determine whether they still present an attractive case, and if so, then which one offers a more enticing entry point. |
seekingalpha.com |
2024-12-09 11:15:00 |
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| Fidus Investment: A Solid Q3 With An Efficient Income Profile |
We provide a Q3 update of the business development company Fidus Investment. Fidus Investment trades at a 12.2% dividend yield and shows consistent outperformance at a modest valuation. Q3 adjusted net income rose by 7% to $0.61, driven by higher dividends and fees, with a total Q3 dividend of $0.61. |
seekingalpha.com |
2024-11-20 11:32:11 |
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| Investing In BDCs For 10%+ Yields? This Is What Matters Now |
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open. |
seekingalpha.com |
2024-11-20 11:15:00 |
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| My 9.5% Income Portfolio CEFs And Classic Cars |
Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs. |
seekingalpha.com |
2024-11-18 02:43:51 |
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| BDC Weekly Review: Tax-Loss Season Is Approaching |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end. |
seekingalpha.com |
2024-11-16 03:50:34 |
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| Fidus Investment: A High-Yield BDC With Dividend Coverage And Growth |
Fidus Investment offers a compelling investment with a high dividend yield of 8.6%, comfortably covered by net investment income and strong liquidity. The company's net asset value has shown substantial growth, indicating robust investment performance and dividend stability, with a YoY increase of 11.8%. Fidus' diversified portfolio, primarily in First-Lien Debts, and a fair value of $1.1 billion, support its financial health and investment potential. |
seekingalpha.com |
2024-11-14 09:27:22 |
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| Fidus Investment: Near 9% Yield Should Be Sustainable (Upgrade) |
Fidus Investment Corporation is a well-managed BDC with a First Lien-centric portfolio, covering its dividends with net investment income. The BDC pays special dividends quarterly, enhancing total return potential and providing an attractive 8.8% yield, potentially higher with special dividends. Fidus Investment's stock is reasonably priced at 1.0x NAV, with potential for a 10% premium due to excess portfolio income. |
seekingalpha.com |
2024-11-07 19:32:55 |
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| Let's Examine The Safety Of Fidus Investment Dividends |
Fidus Investment is a business development company, which tends to be sensitive to changes in the interest rate environment. FDUS portfolio is well-diversified and oriented around mostly debt investments in the US. I've examined the safety of FDUS distributions, which led me to believe there will be more specials along the way. |
seekingalpha.com |
2024-11-04 01:05:27 |
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| Fidus Investment (FDUS) Q3 2024 Earnings Call Transcript |
Fidus Investment (NASDAQ:FDUS ) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET Company Participants Jody Burfening - Investor Relations Ed Ross - Chairman & Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Bryce Rowe - B. Riley Operator Good day and welcome to the Fidus Third Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-11-01 16:03:05 |
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| Fidus Investment (FDUS) Surpasses Q3 Earnings and Revenue Estimates |
Fidus Investment (FDUS) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.68 per share a year ago. |
zacks.com |
2024-10-31 20:20:31 |
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| Fidus Investment Corporation Announces Third Quarter 2024 Financial Results |
Board of Directors Declared Total Dividends of $0.61 per Share for Fourth Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.18 Per Share EVANSTON, Ill., Oct. 31, 2024 (GLOBE NEWSWIRE) -- 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 results for the third quarter ended September 30, 2024. |
globenewswire.com |
2024-10-31 18:05:00 |
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| Fidus Investment Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call |
EVANSTON, Ill., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of the financial markets. |
globenewswire.com |
2024-10-25 20:05:00 |
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