Fidus Investment reports Q3 adjusted EPS 68c, consensus 62c

Net asset value was $548.6 million, or $19.28 per share, as of September 30, 2023. “Our portfolio delivered strong results for the third quarter, building on a strong first half of 2023. Income-producing assets generated a 46% increase in Adjusted NII compared to last year, well in excess of our base dividend, reflecting both higher loan balances and higher yields, and our equity portfolio produced realized gains totaling $9.8 million. As a result of our portfolio’s performance in 2023, the Board of Directors has declared an increase in the base dividend to $0.43 per share. Our strategy of managing the business for the long-term, with a steadfast focus on growing NAV over time, preserving capital and generating attractive risk-adjusted returns, continues to deliver value to our shareholders,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation.