Stellus Capital Investment Corporation (SCM) To Go Ex-Dividend on February 27th

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Friday, January 16th. Shareholders of record on Friday, February 27th will be given a dividend of 0.1133 per share by the investment management company on Friday, March 13th. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date is Friday, February 27th.

Stellus Capital Investment has increased its dividend by an average of 0.0%per year 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 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 traded down $0.02 during trading on Wednesday, reaching $10.44. 95,378 shares of the company traded hands, compared to its average volume of 225,763. The company has a market cap of $302.09 million, a P/E ratio of 9.57 and a beta of 0.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.10 and a current ratio of 0.10. Stellus Capital Investment has a 12-month low of $10.25 and a 12-month high of $15.56. The firm has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $12.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new position in Stellus Capital Investment in the second quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Stellus Capital Investment in the 4th quarter valued at approximately $26,000. JPMorgan Chase & Co. purchased a new position in shares of Stellus Capital Investment in the 3rd quarter worth approximately $28,000. BNP Paribas Financial Markets bought a new position in shares of Stellus Capital Investment during the 2nd quarter valued at approximately $60,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Stellus Capital Investment during the 4th quarter valued at approximately $62,000. Institutional investors own 13.22% of the company’s stock.

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.