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

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Friday, January 16th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.1133 per share by the investment management company on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, January 30th.

Stellus Capital Investment has raised its dividend by an average of 0.0%annually over the last three years. Stellus Capital Investment has a payout ratio of 107.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Price Performance

SCM stock traded up $0.08 during trading hours on Wednesday, hitting $13.02. 34,393 shares of the stock traded hands, compared to its average volume of 145,214. The stock has a 50-day simple moving average of $12.65 and a 200 day simple moving average of $13.22. The company has a market cap of $376.93 million, a P/E ratio of 11.94 and a beta of 0.66. Stellus Capital Investment has a one year low of $11.19 and a one year high of $15.56. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 1.24.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Monday, November 10th. The investment management company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $26.28 million during the quarter, compared to analyst estimates of $25.97 million. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. Equities analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current year.

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.