Stellus Capital Investment Co. (NYSE:SCM) to Issue Monthly Dividend of $0.13

Stellus Capital Investment Co. (NYSE:SCMGet 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 (NYSE:SCMGet Free Report) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $26.63 million for the quarter, compared to analyst estimates of $26.41 million. Stellus Capital Investment had a return on equity of 14.15% and a net margin of 28.55%. As a group, sell-side analysts forecast that Stellus Capital Investment will post 1.84 EPS for the current fiscal year.

Stellus Capital Investment Company Profile

(Get Free Report)

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.

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Dividend History for Stellus Capital Investment (NYSE:SCM)

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