Stellus Capital Investment Co. (SCM) to Issue Monthly Dividend of $0.13 on January 15th

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, October 10th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.1333 per share by the investment management company on Wednesday, January 15th. This represents a $1.60 annualized dividend and a yield of 11.63%. The ex-dividend date is Tuesday, December 31st. This is a boost from Stellus Capital Investment’s previous monthly dividend of $0.13.

Stellus Capital Investment has increased its dividend payment by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 108.1% 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 Stock Performance

Shares of SCM opened at $13.75 on Friday. Stellus Capital Investment has a 12-month low of $12.48 and a 12-month 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 $372.05 million, a PE ratio of 7.02 and a beta of 1.12. The stock has a 50-day moving average price of $13.82 and a 200-day moving average price of $13.84.

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.