Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Declares Quarterly Dividend of $0.12

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMBGet Free Report) announced a quarterly dividend on Friday, April 12th, Wall Street Journal reports. Shareholders of record on Sunday, May 26th will be paid a dividend of 0.12 per share on Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 14.55%. The ex-dividend date of this dividend is Thursday, May 23rd.

Investcorp Credit Management BDC has decreased its dividend by an average of 13.0% annually over the last three years. Investcorp Credit Management BDC has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Investcorp Credit Management BDC to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 87.3%.

Investcorp Credit Management BDC Trading Up 1.5 %

Shares of ICMB opened at $3.30 on Wednesday. The firm has a fifty day simple moving average of $3.20 and a two-hundred day simple moving average of $3.40. Investcorp Credit Management BDC has a twelve month low of $2.98 and a twelve month high of $4.50. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $47.52 million, a P/E ratio of 162.50 and a beta of 1.63.

Investcorp Credit Management BDC (NASDAQ:ICMBGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%. The firm had revenue of $6.62 million during the quarter, compared to analysts’ expectations of $5.83 million. During the same period last year, the company posted $0.18 EPS. On average, research analysts anticipate that Investcorp Credit Management BDC will post 0.52 EPS for the current year.

Investcorp Credit Management BDC Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Investcorp Credit Management BDC (NASDAQ:ICMB)

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