Stellus Capital Investment Co. (SCM) To Go Ex-Dividend on February 28th

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, January 9th, investing.com reports. Investors of record on Friday, February 28th will be given a dividend of 0.1333 per share by the investment management company on Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date of this dividend is Friday, February 28th.

Stellus Capital Investment has increased its dividend by an average of 16.6% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% meaning 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 Price Performance

Shares of NYSE SCM opened at $15.37 on Wednesday. The firm has a 50-day moving average of $14.32 and a two-hundred day moving average of $14.00. The company has a market capitalization of $415.91 million, a price-to-earnings ratio of 7.84 and a beta of 1.12. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a twelve month low of $12.63 and a twelve month high of $15.55.

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.