Stellus Capital Investment Corporation (NYSE:SCM) Shares Set to Pay Monthly Dividend of $0.08

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Wednesday, October 14th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0833 per share by the investment management company on Friday, November 13th. This represents a $1.00 annualized dividend and a yield of 14.2%. The ex-dividend date is Friday, October 30th.

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 79.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Stellus Capital Investment to earn $1.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 96.2%.

Stellus Capital Investment Stock Down 0.9%

SCM opened at $7.04 on Thursday. The company has a fifty day moving average price of $8.13 and a 200-day moving average price of $8.55. The firm has a market capitalization of $200.64 million, a P/E ratio of 6.91 and a beta of 0.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.06 and a quick ratio of 0.06. Stellus Capital Investment has a one year low of $6.83 and a one year high of $13.55.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $24.38 million. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. Equities research analysts expect that Stellus Capital Investment will post 1.05 earnings per share for the current fiscal year.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation is a business development company (BDC) that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation primarily through investments in debt securities and, to a lesser extent, equity interests.

Its portfolio may include senior secured loans, unitranche debt, subordinated debt and other structured investments. Stellus typically works with companies that require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.