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FDUSL - I Bought Fidus Investment: 12% Yield And 35% Below Book
Fidus Investment Corporation 5.875% Notes due 2023
I recently started a position in FDUS as I believe that there's a good chance for a total return potential of 30% or higher over the next 12 months.
FDUS is currently trading at a 35% discount to book value, driving a current annual dividend yield of 12%.
There's also the possibility for additional special dividends.
This is part of a series of articles discussing retirement portfolios using BDCs currently yielding around 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6% to 10%.