Stellus Capital Investment Corporation (SCM) To Go Ex-Dividend on May 29th

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Tuesday, April 14th. Shareholders of record on Friday, May 29th will be given a dividend of 0.1133 per share by the investment management company on Monday, June 15th. This represents a c) annualized dividend and a yield of 15.1%. The ex-dividend date of this dividend is Friday, May 29th.

Stellus Capital Investment has raised its dividend by an average of 0.1%per year over the last three years. Stellus Capital Investment has a 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. 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 Down 0.7%

Stellus Capital Investment stock opened at $9.02 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $261.10 million, a price-to-earnings ratio of 11.00 and a beta of 0.66. Stellus Capital Investment has a fifty-two week low of $8.43 and a fifty-two week high of $15.39. The stock’s fifty day moving average is $9.39 and its two-hundred day moving average is $11.05.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Monday, May 11th. The investment management company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $23,292.93 billion for the quarter, compared to analyst estimates of $24.81 million. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%. Analysts predict that Stellus Capital Investment will post 1.06 EPS 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.