Stellus Capital Investment Co. (SCM) to Issue Monthly Dividend of $0.13 on January 15th

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.1333 per share by the investment management company on Wednesday, January 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date is Tuesday, December 31st. This is an increase from Stellus Capital Investment’s previous monthly dividend of $0.13.

Stellus Capital Investment has raised its dividend payment 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. 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 Stock Performance

Shares of SCM stock opened at $14.11 on Wednesday. Stellus Capital Investment has a 1-year low of $12.19 and a 1-year high of $14.68. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $366.58 million, a price-to-earnings ratio of 11.20 and a beta of 1.15. The stock’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $13.83.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results 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 business had revenue of $26.63 million for the quarter, compared to the consensus estimate of $26.41 million. On average, sell-side analysts predict that Stellus Capital Investment will post 1.84 earnings per share 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.