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

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

Stellus Capital Investment has increased its dividend by an average of 0.1%per year over the last three years. Stellus Capital Investment has a 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. 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 Stock Performance

Shares of SCM opened at $8.42 on Friday. The company has a market cap 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. The stock has a 50-day moving average price of $8.74 and a 200-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.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Monday, May 11th. The investment management company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $17.45 million during the quarter, compared to analyst estimates of $24.80 million. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%. As a group, equities analysts forecast that Stellus Capital Investment will post 1.06 earnings per share for the current fiscal year.

Stellus Capital Investment Company Profile

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.