Stellus Capital Investment Corporation (NYSE:SCM) to Issue Monthly Dividend of $0.11

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.1133 per share by the investment management company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Stellus Capital Investment has increased its dividend by an average of 0.1%annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 107.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Stellus Capital Investment to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 93.8%.

Stellus Capital Investment Stock Up 2.9%

Shares of NYSE SCM traded up $0.28 during trading on Wednesday, reaching $9.96. 171,433 shares of the stock were exchanged, compared to its average volume of 239,672. The business’s 50-day moving average price is $10.01 and its 200 day moving average price is $11.60. Stellus Capital Investment has a twelve month low of $8.43 and a twelve month high of $15.39. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $288.23 million, a price-to-earnings ratio of 10.58 and a beta of 0.67.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Wednesday, March 11th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Stellus Capital Investment had a return on equity of 10.28% and a net margin of 26.48%.The firm had revenue of $23.98 million for the quarter, compared to analyst estimates of $26.33 million. As a group, equities analysts forecast that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Company Profile

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.