Investcorp Credit Management BDC, Inc. Declares Quarterly Dividend of $0.12 (NASDAQ:ICMB)

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Stockholders of record on Friday, April 25th will be paid a dividend of 0.12 per share on Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 14.91%. The ex-dividend date is Friday, April 25th.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 8.7% annually over the last three years. Investcorp Credit Management BDC has a dividend payout ratio of 109.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ:ICMB traded up $0.01 during midday trading on Thursday, hitting $3.22. The company had a trading volume of 24,846 shares, compared to its average volume of 24,959. The company has a fifty day moving average of $3.17 and a two-hundred day moving average of $3.14. The company has a market cap of $46.39 million, a price-to-earnings ratio of 9.76 and a beta of 1.72. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.00 and a quick ratio of 1.00. Investcorp Credit Management BDC has a 12-month low of $2.91 and a 12-month high of $3.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its earnings results on Tuesday, March 25th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Investcorp Credit Management BDC had a net margin of 18.53% and a return on equity of 9.83%. The firm had revenue of $4.78 million for the quarter, compared to the consensus estimate of $5.45 million.

About Investcorp Credit Management BDC

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.