Stellus Capital Investment Corp (SCM) Plans Monthly Dividend of $0.11

Stellus Capital Investment Corp (NYSE:SCM) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.1133 per share by the investment management company on Wednesday, May 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date is Friday, April 26th.

Stellus Capital Investment has a dividend payout ratio of 107.1% 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 $1.44 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 94.4%.

Shares of SCM stock opened at $14.37 on Wednesday. The company has a market capitalization of $226.07 million, a PE ratio of 10.12 and a beta of 0.77. Stellus Capital Investment has a fifty-two week low of $11.65 and a fifty-two week high of $15.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.22 and a current ratio of 0.22.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.12. The firm had revenue of $15.25 million for the quarter, compared to analyst estimates of $14.02 million. Stellus Capital Investment had a return on equity of 10.02% and a net margin of 49.18%. Research analysts forecast that Stellus Capital Investment will post 1.42 earnings per share for the current year.

Separately, Zacks Investment Research lowered Stellus Capital Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th.

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About Stellus Capital Investment

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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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Dividend History for Stellus Capital Investment (NYSE:SCM)

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