Fidus Investment Q3 2022 Earnings Report
Key Takeaways
Fidus Investment Corporation announced its Q3 2022 financial results, reporting a total investment income of $25.0 million and net investment income of $12.7 million, or $0.52 per share. The company invested $107.9 million in debt and equity securities and received $60.2 million from repayments and realizations. The NAV was $474.4 million, or $19.41 per share, as of September 30, 2022.
Total investment income of $25.0 million
Net investment income of $12.7 million, or $0.52 per share
Adjusted net investment income of $12.5 million, or $0.51 per share
Net asset value (“NAV”) of $474.4 million, or $19.41 per share, as of September 30, 2022
Fidus Investment
Fidus Investment
Fidus Investment Revenue by Segment
Forward Guidance
The Board of Directors has approved a dividend policy for 2023 that balances near term distribution of excess spillover income with continued investment in building the portfolio.
Positive Outlook
- Increase in the base dividend to $0.39 per share, restoring our pre-Covid base dividend
- Supplemental dividend based on the existing formula of paying out 100% of the surplus in adjusted net investment income over the base dividend from the prior quarter
- Special cash dividend of $0.10 per share
- Early January 2023, the Board plans to announce a deemed distribution to shareholders of record as of December 31, 2022.