Stellus Capital Investment Co. Declares Apr 25 Dividend of $0.13 (NYSE:SCM)

Stellus Capital Investment Co. (NYSE:SCM) declared a apr 25 dividend on Monday, April 7th, RTT News reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.1333 per share by the investment management company on Thursday, May 15th.

Stellus Capital Investment has increased its dividend by an average of 16.6% annually over the last three years. Stellus Capital Investment has a 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. 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 Performance

NYSE SCM opened at $11.83 on Tuesday. The company has a market cap of $325.51 million, a P/E ratio of 6.03 and a beta of 0.84. Stellus Capital Investment has a 1-year low of $11.53 and a 1-year high of $15.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50-day moving average of $14.51 and a two-hundred day moving average of $14.10.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. As a group, analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th.

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.