Investcorp Credit Management BDC, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:ICMB)

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Monday, November 13th, Zacks reports. Shareholders of record on Thursday, December 14th will be paid a dividend of 0.15 per share on Monday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 17.14%. The ex-dividend date of this dividend is Wednesday, December 13th.

Investcorp Credit Management BDC has increased its dividend by an average of 5.1% annually over the last three years. Investcorp Credit Management BDC has a payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Investcorp Credit Management BDC to earn $0.44 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 109.1%.

Investcorp Credit Management BDC Stock Up 0.6 %

Shares of ICMB opened at $3.50 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.55. The firm has a fifty day simple moving average of $3.74 and a two-hundred day simple moving average of $3.78. Investcorp Credit Management BDC has a 1-year low of $3.02 and a 1-year high of $4.50.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its earnings results on Monday, September 18th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $6.60 million during the quarter, compared to analyst estimates of $7.03 million. Investcorp Credit Management BDC had a negative net margin of 0.41% and a positive return on equity of 9.82%. On average, equities research analysts expect that Investcorp Credit Management BDC will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. LPL Financial LLC increased its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 601.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,471 shares of the company’s stock after purchasing an additional 77,581 shares during the quarter. LPL Financial LLC owned approximately 0.63% of Investcorp Credit Management BDC worth $384,000 at the end of the most recent quarter. 11.47% of the stock is owned by institutional investors and hedge funds.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.