Stellus Capital Investment Corporation (SCM) to Distribute Monthly Dividend of $0.08 on November 13th

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 30th will be given 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 14.9%. The ex-dividend date is Friday, October 30th.

Stellus Capital Investment has increased its dividend by an average of 0.1% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 79.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Stellus Capital Investment to earn $1.05 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 95.2%.

Stellus Capital Investment Stock Performance

Shares of SCM opened at $6.72 on Wednesday. The business has a 50-day simple moving average of $7.81 and a two-hundred day simple moving average of $9.17. Stellus Capital Investment has a 52 week low of $6.54 and a 52 week high of $13.55.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $24.38 million. Analysts forecast that Stellus Capital Investment will post 1.05 EPS for the current year.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that invests in privately owned, middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Stellus primarily invests in senior secured loans and other debt investments, while also making select subordinated debt and equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and the potential for stable cash flow.

Stellus Capital Investment is externally managed by Stellus Capital Management, an investment management firm founded by Robert T.