Stellus Capital Investment Corporation (SCM) to Distribute Monthly Dividend of $0.08 on September 15th

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Thursday, July 16th. Stockholders of record on Monday, August 31st will be given a dividend of 0.0833 per share by the investment management company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Monday, August 31st.

Stellus Capital Investment has increased its dividend payment by an average of 0.1%annually over the last three years. Stellus Capital Investment has a payout ratio of 79.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Stellus Capital Investment to earn $1.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 96.2%.

Stellus Capital Investment Stock Up 0.9%

Shares of NYSE:SCM opened at $8.74 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.06 and a current ratio of 0.06. Stellus Capital Investment has a 1 year low of $6.83 and a 1 year high of $15.04. The stock has a market capitalization of $248.92 million, a P/E ratio of 8.57 and a beta of 0.65. The stock has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $9.08.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. The firm had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $24.38 million. Equities analysts forecast that Stellus Capital Investment will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP increased its stake in Stellus Capital Investment by 11.5% during the 2nd quarter. Corient Private Wealth LP now owns 284,746 shares of the investment management company’s stock worth $2,398,000 after buying an additional 29,267 shares during the period. Bank of America Corp DE purchased a new position in Stellus Capital Investment in the 2nd quarter valued at about $483,000. Legal & General Group Plc purchased a new position in Stellus Capital Investment in the 2nd quarter valued at about $2,009,000. Gables Capital Management Inc. acquired a new stake in shares of Stellus Capital Investment during the second quarter valued at about $565,000. Finally, BlackRock Inc. acquired a new stake in shares of Stellus Capital Investment during the second quarter valued at about $922,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.