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

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Wednesday, October 14th. Investors of record on Friday, October 30th will be given a dividend of $0.0833 per share by the investment management company on Friday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Friday, October 30th.

Stellus Capital Investment has raised its dividend payment by an average of 0.1% per year over the last three years. Stellus Capital Investment has a payout ratio of 79.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Stellus Capital Investment to earn $1.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 96.2%.

Stellus Capital Investment Stock Performance

NYSE:SCM opened at $7.04 on Thursday. The business has a 50 day moving average of $8.13 and a 200 day moving average of $8.55. The company has a market capitalization of $200.64 million, a price-to-earnings ratio of 6.91 and a beta of 0.71. Stellus Capital Investment has a 1-year low of $6.83 and a 1-year high of $13.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.06 and a quick ratio of 0.06.

Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Stellus Capital Investment had a return on equity of 9.09% and a net margin of 30.66%. The business had revenue of $30.98 million during the quarter, compared to analyst estimates of $24.38 million. On average, sell-side analysts predict that Stellus Capital Investment will post 1.05 earnings per share for the current fiscal year.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation is a business development company (BDC) that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation primarily through investments in debt securities and, to a lesser extent, equity interests.

Its portfolio may include senior secured loans, unitranche debt, subordinated debt and other structured investments. Stellus typically works with companies that require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.