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

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 paid 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 increased its dividend payment by an average of 17.0% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 120.3% indicating that 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 Price Performance

Shares of NYSE:SCM opened at $13.66 on Friday. The company’s fifty day moving average is $13.74 and its two-hundred day moving average is $13.84. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a 12-month low of $12.48 and a 12-month high of $14.68. The company has a market cap of $369.61 million, a P/E ratio of 6.97 and a beta of 1.12.

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.