Stellus Capital Investment Corporation (NYSE:SCM) Declares $0.08 Monthly Dividend

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Thursday, July 16th. Shareholders of record on Monday, August 31st will be given a dividend of 0.0833 per share by the investment management company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date is Monday, August 31st.

Stellus Capital Investment has increased its dividend by an average of 0.1%per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 107.9% meaning 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 $1.03 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 132.0%.

Stellus Capital Investment Stock Performance

SCM opened at $8.42 on Friday. The firm’s fifty day simple moving average is $8.74 and its two-hundred day simple moving average is $10.09. Stellus Capital Investment has a 52-week low of $7.78 and a 52-week high of $15.39. The company has a market cap of $243.76 million, a price-to-earnings ratio of 10.27 and a beta of 0.64. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.05.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Monday, May 11th. The investment management company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. The business had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $24.80 million. Equities analysts anticipate that Stellus Capital Investment will post 1.06 earnings per share for the current fiscal year.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.