Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) announced a monthly dividend on Friday, January 10th,Wall Street Journal reports. Investors of record on Saturday, March 29th will be given a dividend of 0.1333 per share by the investment management company on Tuesday, April 15th. This represents a $1.60 annualized dividend and a yield of 11.71%. The ex-dividend date of this dividend is Friday, March 28th.
Stellus Capital Investment has raised its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 120.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Down 0.7 %
NYSE SCM traded down $0.10 during trading on Friday, hitting $13.66. The company had a trading volume of 90,870 shares, compared to its average volume of 106,594. The company's fifty day moving average is $13.74 and its 200-day moving average is $13.84. Stellus Capital Investment has a one year low of $12.48 and a one year high of $14.68. 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 $369.61 million, a price-to-earnings ratio of 6.97 and a beta of 1.12.
Stellus Capital Investment Company Profile
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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.
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