Stellus Capital Investment Corporation Declares Monthly Dividend of $0.08 (NYSE:SCM)

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Thursday, July 16th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.0833 per share by the investment management company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Wednesday, September 30th.

Stellus Capital Investment has increased its dividend by an average of 0.1%per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 107.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Stellus Capital Investment to earn $1.03 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 132.0%.

Stellus Capital Investment Stock Performance

Stellus Capital Investment stock opened at $8.42 on Friday. The stock’s 50 day moving average price is $8.74 and its 200 day moving average price is $10.09. The firm has a market capitalization of $243.76 million, a PE ratio of 10.27 and a beta of 0.64. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.04 and a current ratio of 0.04. Stellus Capital Investment has a one year low of $7.78 and a one year high of $15.39.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Monday, May 11th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $17.45 million during the quarter, compared to the consensus estimate of $24.80 million. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. As a group, sell-side analysts expect that Stellus Capital Investment will post 1.06 EPS for the current fiscal year.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.