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

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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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