Stellus Capital Investment Corp (NYSE:SCM) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.1133 per share by the investment management company on Monday, July 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Thursday, June 27th.
Stellus Capital Investment has a dividend payout ratio of 107.1% meaning 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 $1.40 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 97.1%.
Shares of NYSE SCM opened at $13.90 on Wednesday. The stock has a market capitalization of $265.63 million, a price-to-earnings ratio of 9.79 and a beta of 0.73. The stock’s 50-day simple moving average is $13.99. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.73. Stellus Capital Investment has a 12 month low of $11.65 and a 12 month high of $15.30.
Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Friday, May 10th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $13.84 million during the quarter, compared to analysts’ expectations of $14.13 million. Stellus Capital Investment had a return on equity of 9.97% and a net margin of 51.60%. As a group, analysts anticipate that Stellus Capital Investment will post 1.33 EPS for the current year.
Several analysts have issued reports on the company. TheStreet raised Stellus Capital Investment from a “c+” rating to a “b” rating in a research note on Wednesday, June 5th. Zacks Investment Research lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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