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

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.1333 per share by the investment management company on Friday, December 13th. This represents a $1.60 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend is Friday, November 29th.

Stellus Capital Investment has increased its dividend by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend 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 fall. 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 Price Performance

Shares of Stellus Capital Investment stock opened at $13.96 on Friday. Stellus Capital Investment has a 1-year low of $12.19 and a 1-year high of $14.68. The company has a market capitalization of $336.80 million, a PE ratio of 12.93 and a beta of 1.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50-day moving average of $13.72 and a 200-day moving average of $13.81.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $26.63 million during the quarter, compared to analyst estimates 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.