Fidus Investment (FDUS) Company Overview

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.

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.

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.

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.

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.

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.

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.

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.

The outlook for BDCs is not that bright, especially for those names that have chosen risk-seeking strategies. The headwinds include lower interest rates, increased corporate distress, and inactive M&A and capital markets. However, just as in any asset class or sector, there are exceptions.