Fidus Investment Declares $0.52 First Quarter Dividend, Up 4% From Prior Period
Fidus Investment Corporation (NASDAQ: FDUS), a provider of debt and equity financing to lower middle-market companies, declared a total first quarter 2026 dividend of $0.52 per share, up from $0.50 in the prior quarter. The dividend comprises a $0.43 base payment and a $0.09 supplemental payment.
Fidus Investment Corporation (NASDAQ: FDUS), a provider of customized debt and equity financing solutions to lower middle-market companies, declared a first quarter 2026 dividend of $0.52 per share on February 17, 2026. The payment represents a 4% increase from the $0.50 per share distributed in the fourth quarter of 2025. Read more dividend announcements.
The dividend consists of a base payment of $0.43 per share and a supplemental payment of $0.09 per share. Shareholders of record as of March 20, 2026 will receive payment on March 30, 2026.
The Evanston, Illinois-based business development company reported net asset value of $741.9 million, or $19.55 per share, as of December 31, 2025. The company generated net investment income of $73.9 million, or $2.08 per share, for the full year 2025.
| Dividend Details | Amount |
|---|---|
| Total Dividend | $0.52 per share |
| Base Dividend | $0.43 per share |
| Supplemental Dividend | $0.09 per share |
| Record Date | March 20, 2026 |
| Payment Date | March 30, 2026 |
For the full year 2025, Fidus paid total dividends of $2.15 per share, consisting of regular quarterly dividends totaling $1.72 and supplemental dividends of $0.43 per share. The company reported estimated spillover income of $38.5 million, or $1.01 per share, as of December 31, 2025.
Fidus operates a dividend reinvestment plan that automatically reinvests cash dividends into additional shares unless stockholders elect to receive cash. Shareholders must notify their broker or the company at least two days prior to the payment date to opt out of the plan.
Investment Activity and Balance Sheet
During the fourth quarter of 2025, Fidus invested $213.7 million in debt and equity securities across eight new portfolio companies. The company received proceeds from repayments and realizations of $84.7 million during the same period.
For the full year 2025, the company deployed $498.2 million into 20 new portfolio companies and collected $288.0 million in repayments and realizations. Total investment income for 2025 reached $155.9 million.
As of December 31, 2025, Fidus had $237.5 million in SBA debentures outstanding, $125.0 million of 3.50% notes due November 2026, and $200.0 million of 6.75% notes due March 2030. The weighted average interest rate on total debt outstanding was 5.2%.
In January 2026, the company invested $7.0 million in Gap Intelligence Acquisition and exited equity investments in CIH Intermediate for a realized gain of approximately $3.4 million. Fidus issued an additional $30.0 million in SBA debentures on February 19, 2026 at a fixed interim rate of 4.587%, while repaying $7.0 million of existing SBA debentures.