Stellus Capital Investment Corp to Issue Monthly Dividend of $0.11 (SCM)
Stellus Capital Investment Corp (NYSE:SCM) announced a monthly dividend on Tuesday, April 18th. Investors of record on Friday, June 30th will be given a dividend of 0.1133 per share by the investment management company on Friday, July 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date of this dividend is Wednesday, June 28th.
Stellus Capital Investment Corp has a dividend payout ratio of 99.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Stellus Capital Investment Corp to earn $1.41 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 96.5%.
Stellus Capital Investment Corp (NYSE:SCM) traded up 0.50% during mid-day trading on Tuesday, hitting $14.12. The company had a trading volume of 96,480 shares. The firm has a market cap of $176.20 million, a P/E ratio of 7.60 and a beta of 0.55. The stock’s 50 day moving average price is $14.11 and its 200 day moving average price is $12.65. Stellus Capital Investment Corp has a 52-week low of $9.62 and a 52-week high of $14.82.
Several equities analysts have recently issued reports on the stock. Raymond James Financial, Inc. upgraded shares of Stellus Capital Investment Corp from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Monday, April 10th. Janney Montgomery Scott upgraded shares of Stellus Capital Investment Corp from a “neutral” rating to a “buy” rating in a report on Monday, March 13th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.50 price objective on shares of Stellus Capital Investment Corp in a report on Friday, March 10th. Finally, Zacks Investment Research downgraded shares of Stellus Capital Investment Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stellus Capital Investment Corp presently has a consensus rating of “Buy” and an average price target of $13.10.
Stellus Capital Investment Corp Company Profile
Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.
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