Fidus Investment Q1 investment income rises 30% yr/yr

Fidus Investment

07/05/2026 22:12

Overview

U.S. debt financier's Q1 total investment income rose 30% yr/yr, net investment income up 35%

Adjusted net investment income per share increased 15% from prior year

Company declared Q2 total dividend of $0.62 per share

Outlook

Fidus declares Q2 2026 base dividend of $0.43 per share

Company declares Q2 2026 supplemental dividend of $0.19 per share

Result Drivers

INTEREST INCOME GROWTH - Co said a 13.1% increase in interest income was driven by higher average debt investment balances, partially offset by a lower weighted average yield

FEE INCOME SURGE - Fee income rose sharply, mainly due to a one-time fee from a portfolio company debt refinancing

LOWER DIVIDEND INCOME - Dividend income fell due to a decrease in distributions received from equity investments

Company press release: ID:nGNX5KxgMC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value
$742 mln
Q1 Net Asset Value Per Share
$19.55


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "hold"

Wall Street's median 12-month price target for Fidus Investment Corp is $21.00, about 13% above its May 6 closing price of $18.58

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)