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

Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) declared a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a $1.60 annualized dividend and a yield of 11.71%. The ex-dividend date is Friday, January 31st.

Stellus Capital Investment has raised its dividend payment 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 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 Trading Down 0.7 %

NYSE SCM traded down $0.10 during trading on Friday, hitting $13.66. The stock had a trading volume of 90,870 shares, compared to its average volume of 106,594. Stellus Capital Investment has a one year low of $12.48 and a one year high of $14.68. The stock has a 50 day simple moving average of $13.74 and a 200 day simple moving average of $13.84. The stock has a market capitalization of $369.61 million, a price-to-earnings ratio of 6.97 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29.

About Stellus Capital Investment

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.