Fidus Investment: Near 9% Yield Should Be Sustainable (Upgrade)
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Fidus Investment Corporation, a well-managed BDC, offers an attractive 8.8% yield with potential for higher returns through special dividends. The stock is reasonably priced at 1.0x NAV, with potential for a 10% premium due to excess portfolio income.
November 07, 2024 | 10:45 pm
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Fidus Investment Corporation offers an 8.8% yield, supported by net investment income and special dividends. The stock is priced at 1.0x NAV, with potential for a 10% premium due to excess portfolio income.
The article highlights Fidus Investment's strong dividend coverage and potential for higher returns through special dividends, making it an attractive investment. The stock's reasonable pricing at 1.0x NAV and potential for a 10% premium due to excess portfolio income suggest a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100