Stellus Capital Investment Co. (NYSE:SCM – Get Free Report) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.1333 per share by the investment management company on Wednesday, January 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.39%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Stellus Capital Investment’s previous monthly dividend of $0.13.
Stellus Capital Investment has raised its dividend by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Stellus Capital Investment to earn $1.60 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 100.0%.
Stellus Capital Investment Trading Up 0.6 %
Shares of SCM stock opened at $14.04 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $364.76 million, a PE ratio of 11.14 and a beta of 1.15. Stellus Capital Investment has a 1-year low of $12.19 and a 1-year high of $14.68. The business’s fifty day moving average price is $13.73 and its 200 day moving average price is $13.83.
Stellus Capital Investment Company Profile
Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.
Featured Stories
- Five stocks we like better than Stellus Capital Investment
- How to Use the MarketBeat Stock Screener
- Tesla Stock: Finding the Bottom or Moving On?
- Most Volatile Stocks, What Investors Need to Know
- Stanley Druckenmiller’s Latest Moves: What They Mean for You
- Canadian Penny Stocks: Can They Make You Rich?
- 2 Outerwear Stocks to Warm Up Your Portfolio for the Winter
Receive News & Ratings for Stellus Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.