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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors 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 yield of 14.86%. The ex-dividend date is Friday, December 20th.

Investcorp Credit Management BDC has decreased its dividend by an average of 13.0% annually over the last three years. Investcorp Credit Management BDC has a payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Investcorp Credit Management BDC Price Performance

NASDAQ ICMB opened at $3.23 on Wednesday. The company has a 50-day moving average price of $3.12 and a two-hundred day moving average price of $3.21. Investcorp Credit Management BDC has a 52 week low of $2.91 and a 52 week high of $3.96. The stock has a market cap of $46.53 million, a price-to-earnings ratio of 9.79 and a beta of 1.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%. The business 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.