Stellus Capital Investment Co. (SCM) to Issue Monthly Dividend of $0.13 on March 14th

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, January 9th, investing.com reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.1333 per share by the investment management company on Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date of this dividend is Friday, February 28th.

Stellus Capital Investment has raised its dividend payment by an average of 16.6% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% indicating that 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 $1.45 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 110.3%.

Stellus Capital Investment Stock Down 0.6 %

SCM opened at $15.37 on Wednesday. The stock’s fifty day moving average is $14.32 and its 200-day moving average is $14.00. Stellus Capital Investment has a one year low of $12.63 and a one year high of $15.55. The company has a market capitalization of $415.91 million, a PE ratio of 7.84 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29.

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.