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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Saturday, March 29th will be paid a dividend of 0.1333 per share by the investment management company on Tuesday, April 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date of this dividend is Friday, March 28th.

Stellus Capital Investment has raised its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a payout ratio of 120.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

SCM opened at $13.63 on Tuesday. Stellus Capital Investment has a 52-week low of $12.48 and a 52-week high of $14.68. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. The company has a market cap of $368.80 million, a P/E ratio of 6.95 and a beta of 1.12. The firm’s 50-day moving average price is $13.74 and its 200-day moving average price is $13.84.

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.