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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders 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 dividend yield of 11.74%. The ex-dividend date is Friday, March 28th.

Stellus Capital Investment has raised its dividend by an average of 17.0% per year 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. 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 Trading Down 0.1 %

Shares of NYSE:SCM opened at $13.63 on Tuesday. Stellus Capital Investment has a 1 year low of $12.48 and a 1 year high of $14.68. The firm has a market capitalization of $368.80 million, a price-to-earnings ratio of 6.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50 day moving average price is $13.74 and its 200-day moving average price is $13.84.

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.