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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMBGet Free Report) announced a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Stockholders 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 dividend yield of 14.81%. The ex-dividend date is Thursday, May 23rd.

Investcorp Credit Management BDC has decreased its dividend payment 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 tumble. 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 Performance

Shares of ICMB stock opened at $3.24 on Friday. The stock’s 50-day moving average price is $3.21 and its 200 day moving average price is $3.41. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $46.66 million, a PE ratio of 162.00 and a beta of 1.63. Investcorp Credit Management BDC has a 52-week low of $2.98 and a 52-week high of $4.50.

Investcorp Credit Management BDC (NASDAQ:ICMBGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%. The company had revenue of $6.62 million for the quarter, compared to the consensus estimate of $5.83 million. During the same period last year, the business posted $0.18 EPS. As a group, equities research analysts forecast 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.

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

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