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Sep 30, 2022
Fidus Investment Q3 2022 Earnings Report
Announced financial results for the third quarter ended September 30, 2022.
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
Revenue by Segment
Interest income Revenue
CapyFin.comPayment-in-kind interest Revenue
CapyFin.comDividend income Revenue
CapyFin.comFee income Revenue
CapyFin.comInterest on idle funds Revenue
CapyFin.com 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.