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

Stellus Capital Investment Co. (NYSE:SCM) declared a dividend on Wednesday, January 29th,investing.com reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a dividend yield of 10.83%. The ex-dividend date is Friday, January 31st.

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 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. 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 Down 1.2 %

Stellus Capital Investment stock traded down $0.18 during mid-day trading on Wednesday, hitting $14.77. 132,181 shares of the company’s stock were exchanged, compared to its average volume of 132,627. Stellus Capital Investment has a 1-year low of $12.48 and a 1-year high of $15.05. The stock has a 50 day moving average of $13.88 and a two-hundred day moving average of $13.88. 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 stock has a market cap of $399.57 million, a P/E ratio of 7.53 and a beta of 1.12.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The company had revenue of $26.50 million during the quarter, compared to the consensus estimate of $27.36 million. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

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.