Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) announced a apr 25 dividend on Monday, April 7th, RTT News reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.1333 per share by the investment management company on Thursday, May 15th. This represents a yield of 13.6%. The ex-dividend date is Wednesday, April 30th.
Stellus Capital Investment has raised its dividend by an average of 16.6% 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. 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
Shares of Stellus Capital Investment stock traded up $0.17 during trading hours on Friday, hitting $12.20. The company's stock had a trading volume of 204,563 shares, compared to its average volume of 165,176. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment has a 12-month low of $11.19 and a 12-month high of $15.56. The business has a 50 day moving average price of $14.19 and a two-hundred day moving average price of $14.03. The company has a market cap of $335.61 million, a PE ratio of 6.22 and a beta of 0.84.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The business had revenue of $25.62 million during the quarter, compared to analysts' expectations of $26.60 million. Analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price objective on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a report on Tuesday.
Read Our Latest Stock Analysis on SCM
About Stellus Capital Investment
(
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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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