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

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

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

Shares of Stellus Capital Investment stock remained flat at $13.96 during mid-day trading on Friday. The company’s stock had a trading volume of 82,195 shares, compared to its average volume of 137,287. The stock has a market capitalization of $362.68 million, a PE ratio of 11.08 and a beta of 1.15. The company has a fifty day moving average price of $13.72 and a 200-day moving average price of $13.80. Stellus Capital Investment has a fifty-two week low of $12.19 and a fifty-two week high of $14.68. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21.

Stellus Capital Investment (NYSE:SCM) last posted 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 firm had revenue of $26.63 million during the quarter, compared to the consensus estimate of $26.41 million. On average, equities research analysts expect 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.