InvestcorpCreditManagementBDCInc . (ICMB) to Issue Quarterly Dividend of $0.25 on April 2nd

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Investors of record on Friday, March 13th will be paid a dividend of 0.25 per share on Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date is Thursday, March 12th.

InvestcorpCreditManagementBDCInc . has a dividend payout ratio of 99.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect InvestcorpCreditManagementBDCInc . to earn $1.00 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 100.0%.

Shares of ICMB stock opened at $7.51 on Friday. InvestcorpCreditManagementBDCInc . has a 52-week low of $6.13 and a 52-week high of $8.13. The company has a market capitalization of $98.37 million, a PE ratio of -22.76 and a beta of 1.32. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.25. The firm has a 50 day simple moving average of $7.04.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. InvestcorpCreditManagementBDCInc . had a negative net margin of 13.00% and a positive return on equity of 9.45%. The firm had revenue of $9.43 million for the quarter, compared to analysts’ expectations of $8.71 million. As a group, analysts forecast that InvestcorpCreditManagementBDCInc . will post 1.01 EPS for the current year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a research note on Thursday.

In related news, major shareholder Bdc Holdings Ltd Investcorp acquired 7,101 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $6.80 per share, with a total value of $48,286.80. Also, Director Thomas J. Sullivan acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $7.10 per share, for a total transaction of $71,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $71,000. The disclosure for this purchase can be found here. Insiders purchased a total of 81,215 shares of company stock worth $573,040 over the last ninety days. 1.66% of the stock is currently owned by insiders.

InvestcorpCreditManagementBDCInc . Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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