"Market activity grew more robust as the second quarter progressed," said Edward Ross, CEO of Fidus Investment. "We invested in two new portfolio companies late in June and another soon after the quarter end that are expected to have a positive financial impact on Q3 earnings. Reflecting this outlook, the board has increased the quarterly distribution to 38c per share for Q3, up 2c per share from the Q2 distribution. We believe we are well positioned to continue covering our dividend from earnings on a long term basis."
As traders wait on the Federal Reserve, putting off any major decisions until they hear the latest word in FOMC …