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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Friday, January 10th,Wall Street Journal reports. Investors of record on Saturday, March 29th will be given a dividend of 0.1333 per share by the investment management company on Tuesday, April 15th. This represents a $1.60 annualized dividend and a dividend yield of 11.71%. The ex-dividend date of this dividend is Friday, March 28th.

Stellus Capital Investment has increased its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a payout ratio of 120.3% 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 Performance

Shares of SCM traded down $0.10 during trading hours on Friday, hitting $13.66. The stock had a trading volume of 90,861 shares, compared to its average volume of 106,593. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day moving average price of $13.74 and a 200 day moving average price of $13.84. Stellus Capital Investment has a fifty-two week low of $12.48 and a fifty-two week high of $14.68. The firm has a market capitalization of $369.61 million, a price-to-earnings ratio of 6.97 and a beta of 1.12.

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.