Stellus Capital Investment Corporation (NYSE:SCM) Declares Monthly Dividend of $0.08

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Thursday, July 16th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.0833 per share by the investment management company on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Friday, July 31st.

Stellus Capital Investment has raised 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 $1.03 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 132.0%.

Stellus Capital Investment Price Performance

Stellus Capital Investment stock opened at $8.42 on Friday. The stock has a 50-day moving average price of $8.74 and a two-hundred day moving average price of $10.09. Stellus Capital Investment has a 12 month low of $7.78 and a 12 month high of $15.39. The company has a market capitalization of $243.76 million, a PE ratio of 10.27 and a beta of 0.64. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.05.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Monday, May 11th. The investment management company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%.The company had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $24.80 million. Analysts expect that Stellus Capital Investment will post 1.06 EPS 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.