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

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Friday, January 10th,Wall Street Journal reports. Shareholders of record on Saturday, March 29th will be given 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 yield of 11.71%. The ex-dividend date of this dividend is Friday, March 28th.

Stellus Capital Investment has raised its dividend payment by an average of 17.0% per year over the last three years. Stellus Capital Investment has a 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 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 $0.10 during trading hours on Friday, hitting $13.66. 90,861 shares of the company were exchanged, compared to its average volume of 106,593. The stock has a market capitalization of $369.61 million, a price-to-earnings ratio of 6.97 and a beta of 1.12. Stellus Capital Investment has a 52-week low of $12.48 and a 52-week high of $14.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The company’s 50 day moving average price is $13.74 and its 200-day moving average price is $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.