Stellus Capital Investment Co. (SCM) To Go Ex-Dividend on October 31st

Stellus Capital Investment Co. (NYSE:SCM) announced a dividend on Wednesday, October 30th, investing.com reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.1333 per share by the investment management company on Friday, November 15th. This represents a yield of 11.3%. The ex-dividend date is Thursday, October 31st.

Stellus Capital Investment has increased its dividend by an average of 18.0% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 NYSE:SCM traded up $0.07 during midday trading on Wednesday, hitting $14.16. 145,052 shares of the stock were exchanged, compared to its average volume of 137,541. The stock has a market cap of $341.62 million, a P/E ratio of 13.11 and a beta of 1.15. 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 has a twelve month low of $12.34 and a twelve month high of $14.68. The company has a 50 day moving average price of $13.83 and a 200-day moving average price of $13.91.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $26.63 million during the quarter, compared to the consensus estimate of $26.41 million. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. On average, research analysts forecast that Stellus Capital Investment will post 1.84 earnings per share for the current year.

Stellus Capital Investment Company Profile

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.