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

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Thursday, January 9th, investing.com reports. Stockholders 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 annualized dividend and a dividend yield of 10.41%. The ex-dividend date is Friday, February 28th.

Stellus Capital Investment has raised its dividend by an average of 16.6% 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 Stock Down 0.6 %

SCM opened at $15.37 on Wednesday. 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 business has a 50 day moving average price of $14.32 and a 200 day moving average price of $14.00. The firm has a market cap of $415.91 million, a P/E ratio of 7.84 and a beta of 1.12. Stellus Capital Investment has a twelve month low of $12.63 and a twelve month high of $15.55.

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.