Stellus Capital Investment Corp (NYSE:SCM) declared a monthly dividend on Wednesday, July 3rd, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.113 per share by the investment management company on Thursday, August 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.34%. The ex-dividend date is Tuesday, July 30th.
Stellus Capital Investment has a dividend payout ratio of 107.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Stellus Capital Investment to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 97.1%.
Shares of Stellus Capital Investment stock traded up $0.11 during trading on Friday, hitting $14.52. 49,277 shares of the company were exchanged, compared to its average volume of 80,807. The stock has a market cap of $272.43 million, a PE ratio of 10.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.36 and a quick ratio of 0.36. Stellus Capital Investment has a fifty-two week low of $11.65 and a fifty-two week high of $15.30. The stock has a 50 day moving average of $14.03.
SCM has been the subject of several research reports. TheStreet cut shares of Weis Markets from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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