Stellus Capital Investment Co. Declares Monthly Dividend of $0.13 (NYSE:SCM)

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Thursday, October 10th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.133 per share by the investment management company on Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date of this dividend is Thursday, October 31st.

Stellus Capital Investment has raised its dividend by an average of 18.0% per year over the last three years. Stellus Capital Investment has a payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Stellus Capital Investment to earn $1.60 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 100.0%.

Stellus Capital Investment Trading Up 0.1 %

NYSE SCM opened at $13.97 on Friday. Stellus Capital Investment has a 12 month low of $12.19 and a 12 month high of $14.68. The stock has a market cap of $362.94 million, a P/E ratio of 11.08 and a beta of 1.15. The stock’s fifty day moving average price is $13.72 and its 200-day moving average price is $13.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Stellus Capital Investment had a return on equity of 14.15% and a net margin of 28.55%. The company had revenue of $26.63 million for the quarter, compared to analysts’ expectations of $26.41 million. As a group, equities analysts forecast that Stellus Capital Investment will post 1.84 EPS for the current fiscal year.

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 prefers to invest in US and Canada.