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

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Thursday, January 9th, investing.com reports. Stockholders 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 annualized dividend 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 payment by an average of 16.6% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% 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 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 Stock Down 0.6 %

Shares of NYSE:SCM opened at $15.37 on Wednesday. The firm has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $14.00. Stellus Capital Investment has a 52 week low of $12.63 and a 52 week high of $15.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $415.91 million, a PE ratio of 7.84 and a beta of 1.12.

About Stellus Capital Investment

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.