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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 10.70%. The ex-dividend date of this dividend is Friday, January 31st.

Stellus Capital Investment has increased its dividend by an average of 17.0% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% meaning 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 Price Performance

Shares of SCM opened at $14.96 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. Stellus Capital Investment has a 1-year low of $12.48 and a 1-year high of $14.99. The stock has a market cap of $404.68 million, a PE ratio of 7.63 and a beta of 1.12. The firm has a fifty day moving average price of $13.88 and a 200 day moving average price of $13.88.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The firm had revenue of $26.50 million during the quarter, compared to analysts’ expectations of $27.36 million. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Stellus Capital Investment will post 1.74 EPS 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.