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

Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) announced a monthly dividend on Thursday, January 9th,investing.com reports. Investors of record on Friday, February 28th will be paid a dividend of 0.1333 per share by the investment management company on Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 10.89%. The ex-dividend date is Friday, February 28th.

Stellus Capital Investment has increased its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% 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 $1.45 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 Price Performance

NYSE:SCM traded down $0.02 during trading hours on Monday, hitting $14.69. 149,011 shares of the stock were exchanged, compared to its average volume of 135,258. The firm's fifty day moving average price is $13.94 and its 200 day moving average price is $13.89. Stellus Capital Investment has a 52-week low of $12.48 and a 52-week high of $15.05. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The company has a market cap of $397.38 million, a P/E ratio of 7.49 and a beta of 1.12.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The business had revenue of $26.50 million for the quarter, compared to analysts' expectations of $27.36 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities research analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

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 prefers to invest in US and Canada.