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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) declared a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 14.91%. The ex-dividend date of this dividend is Friday, April 25th.

Investcorp Credit Management BDC has decreased its dividend payment by an average of 8.7% per year over the last three years. Investcorp Credit Management BDC has a 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 Trading Up 0.6 %

Shares of ICMB opened at $3.22 on Friday. Investcorp Credit Management BDC has a 1-year low of $2.91 and a 1-year high of $3.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $3.17 and its 200-day moving average price is $3.14. The firm has a market capitalization of $46.39 million, a price-to-earnings ratio of 9.76 and a beta of 1.72.

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