Investcorp Credit Management BDC, Inc. (ICMB) to Issue Quarterly Dividend of $0.12 on June 14th

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMBGet Free Report) announced a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Shareholders of record on Sunday, May 26th will be given a dividend of 0.12 per share on Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 14.81%. The ex-dividend date is Thursday, May 23rd.

Investcorp Credit Management BDC has decreased its dividend by an average of 13.0% per year 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 decline. 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 Performance

Shares of NASDAQ:ICMB opened at $3.24 on Friday. The company has a market capitalization of $46.66 million, a PE ratio of 162.00 and a beta of 1.63. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 1.53. Investcorp Credit Management BDC has a 12-month low of $2.98 and a 12-month high of $4.50. The business’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.41.

Investcorp Credit Management BDC (NASDAQ:ICMBGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $6.62 million for the quarter, compared to the consensus estimate of $5.83 million. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%. During the same quarter last year, the company earned $0.18 earnings per share. As a group, equities research analysts predict that Investcorp Credit Management BDC will post 0.52 earnings per share for the current fiscal 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.

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

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