Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Saturday, March 29th will be paid 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 dividend yield of 11.79%. The ex-dividend date of this dividend is Friday, March 28th.
Stellus Capital Investment has raised its dividend by an average of 17.0% per year over the last three years. Stellus Capital Investment has a payout ratio of 120.3% 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
NYSE SCM traded down $0.08 during trading hours on Monday, reaching $13.57. 46,157 shares of the company were exchanged, compared to its average volume of 97,771. Stellus Capital Investment has a 1 year low of $12.48 and a 1 year high of $14.68. The business's 50 day simple moving average is $13.74 and its 200-day simple moving average is $13.84. 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 $367.18 million, a P/E ratio of 6.92 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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