Stellus Capital Investment Co. (NYSE:SCM) to Issue $0.13 Dividend

Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) declared a dividend on Friday, January 31st,investing.com reports. Investors of record on Monday, February 3rd will be given a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a dividend yield of 10.88%. The ex-dividend date is Friday, January 31st.

Stellus Capital Investment has increased its dividend payment by an average of 17.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

Shares of SCM stock traded down $0.09 during trading on Tuesday, reaching $14.62. 85,947 shares of the company's stock were exchanged, compared to its average volume of 132,570. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $395.48 million, a PE ratio of 7.46 and a beta of 1.12. Stellus Capital Investment has a twelve month low of $12.48 and a twelve month high of $15.05. The firm's fifty day moving average price is $13.94 and its 200-day moving average price is $13.89.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share 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 analyst estimates 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 firm posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current 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.