Key Points – Fidus generated adjusted net investment income of $0.62 per share in Q1 (up 14.8% to $23.7 million), above its $0.43 base dividend, and the board declared a $0.62 total dividend payable June 29, 2026. – The quarter was materially boosted by a large refinancing fee…
bout $6.9 million from American AllWaste) that management called largely one‑time, while the company recorded approximately $12.2 million of net realized losses, including a $15.8 million loss tied to exiting City Connector. – Portfolio value rose by $46 million to $1.4 billion (87% first‑lien debt) with credit quality intact—only one non‑accrual (<1%)—and the firm finished the quarter with net debt‑to‑equity of 0.9x and roughly $244.2 million of available liquidity. Fidus Investment (NASDAQ:FDUS) reported what management described as an “extremely strong” first quarter from an income statement perspective, driven by higher interest income on a larger earning asset base and a sizable refinancing-related fee
On the company’s first quarter 2026 earnings call, Chairman and CEO Ed Ross said the business continues to generate earnings above its base dividend, while Chief Financial Officer Shelby Sherard detailed the quarter’s income drivers, realized losses tied to a non-accrual exit, and the company’s leverage and liquidity position. Adjusted NII topped base dividend; board declares $0.62 total dividend Ross said Fidus generated adjusted net investment income (NII) of $0.62 per share in the first quarter, which he said continued to “over earn” the company’s $0.43 per share base dividend and support excess distributions. He added that adjusted NII increased 14.8% to $23.7 million, reflecting a 13.1% increase in interest income on higher average income-producing assets, as well as higher fee income compared with the prior year.
The board declared a second-quarter 2026 total dividend of $0.62 per share, consisting of the $0.43 base dividend and a $0.19 supplemental dividend. Ross said the…