Fidus Investment Q3 adjusted NII $0.68/share, up 46% YoY; declares $0.80 total dividend

FIDUS INVESTMENT Corp

2023-Q3 EPS reported $1.89

Q3 total investment income $34.2M (up 36.8% YoY); net investment income $16.7M ($0.63/share); adjusted NII $18.2M ($0.68/share, up 46% YoY).
NAV $548.6M ($19.28/share) as of Sept 30; estimated spillover income $32.7M ($1.15/share).
Board declares Q4 total dividend of $0.80/share ($0.43 base + $0.27 supplemental + $0.10 special), payable Dec 27 to holders of record Dec 20. Base dividend increased from $0.41.
Portfolio fair value $926.9M; weighted average yield on debt 14.6%; invested $56.7M in new debt/equity during Q3.
Subsequent to quarter end: $18M investment in White Label Communications; $3M SBA debentures at 6.083%; exits from three portfolio companies with total repayments ~$29.3M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIDUS INVESTMENT Corp reported the third quarter ended September 30, 2023 results: revenue $34.2 million, net income $16.7 million, EPS $0.63 per share.

Period: the third quarter ended September 30, 2023
Revenue: $34.2 million
Net income: $16.7 million
EPS: $0.63 per share
Result: reported results

Exact text from the filing

Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights • Total investment income of $34.2 million • Net investment income of $16.7 million, or $0.63 per share

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Source: SEC EDGAR

accession 0000950170-23-058178

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