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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Friday, October 11th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.1333 per share by the investment management company on Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.54%. The ex-dividend date of this dividend is Friday, November 29th.

Stellus Capital Investment has raised its dividend by an average of 18.0% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 109.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 0.3 %

SCM stock opened at $13.86 on Thursday. Stellus Capital Investment has a twelve month low of $12.48 and a twelve month high of $14.68. 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 cap of $375.05 million, a P/E ratio of 7.07 and a beta of 1.15. The business’s 50-day moving average price is $13.90 and its 200-day moving average price is $13.89.

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.