Stellus Capital Investment Corp (NYSE:SCM) Declares Monthly Dividend of $0.11

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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.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Friday, May 10th. The investment management company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $13.84 million during the quarter, compared to analysts’ expectations of $14.13 million. Stellus Capital Investment had a return on equity of 9.97% and a net margin of 51.60%. As a group, research analysts forecast that Stellus Capital Investment will post 1.33 EPS for the current year.

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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Dividend History for Stellus Capital Investment (NYSE:SCM)

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