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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend is Friday, January 31st.

Stellus Capital Investment has raised its dividend payment by an average of 17.0% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Up 0.8 %

Shares of SCM opened at $14.96 on Wednesday. Stellus Capital Investment has a one year low of $12.48 and a one year high of $14.99. 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 company has a market capitalization of $404.68 million, a P/E ratio of 7.63 and a beta of 1.12. The stock has a 50-day moving average price of $13.88 and a 200 day moving average price of $13.88.

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