Stellus Capital Investment Co. (SCM) To Go Ex-Dividend on January 31st

Stellus Capital Investment Co. (NYSE:SCM) declared a dividend on Wednesday, January 29th,investing.com reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a yield of 10.83%. 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 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 research 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 NYSE:SCM traded down $0.18 during trading on Wednesday, reaching $14.77. The company had a trading volume of 132,181 shares, compared to its average volume of 132,627. Stellus Capital Investment has a twelve month low of $12.48 and a twelve month high of $15.05. 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 market capitalization of $399.57 million, a PE ratio of 7.53 and a beta of 1.12. The firm’s fifty day moving average is $13.88 and its 200 day moving average is $13.88.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The firm 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 in the previous year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Stellus Capital Investment will post 1.74 EPS for the current 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.