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

Stellus Capital Investment Co. (NYSE:SCMGet Free Report) announced a dividend on Wednesday, October 30th, investing.com reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.1333 per share by the investment management company on Friday, November 15th. This represents a dividend yield of 11.3%. The ex-dividend date is Thursday, October 31st.

Stellus Capital Investment has raised its dividend payment by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Stellus Capital Investment to earn $1.60 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 100.0%.

Stellus Capital Investment Stock Performance

Shares of NYSE:SCM traded up $0.07 during midday trading on Wednesday, hitting $14.16. The stock had a trading volume of 145,052 shares, compared to its average volume of 137,541. The company has a market capitalization of $341.62 million, a PE ratio of 13.11 and a beta of 1.15. The stock has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $13.91. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21. Stellus Capital Investment has a 1 year low of $12.34 and a 1 year high of $14.68.

Stellus Capital Investment (NYSE:SCMGet Free Report) last issued its earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $26.63 million for the quarter, compared to the consensus estimate of $26.41 million. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. As a group, equities analysts predict that Stellus Capital Investment will post 1.84 earnings per share for the current fiscal year.

Stellus Capital Investment Company Profile

(Get Free Report)

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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Dividend History for Stellus Capital Investment (NYSE:SCM)

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