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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.12 per share on Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 15.29%. The ex-dividend date of this dividend is Friday, December 20th.

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 120.0% indicating that 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 Investcorp Credit Management BDC stock opened at $3.14 on Friday. The stock has a market cap of $45.22 million, a P/E ratio of 9.52 and a beta of 1.67. The stock’s 50 day simple moving average is $3.12 and its 200-day simple moving average is $3.22. Investcorp Credit Management BDC has a 1-year low of $2.91 and a 1-year high of $3.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Investcorp Credit Management BDC had a return on equity of 9.90% and a net margin of 18.53%. The company had revenue of $5.12 million for the quarter.

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.