Stellus Capital Investment Co. (NYSE:SCM – Get Free Report) declared a monthly dividend on Wednesday, July 10th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.133 per share by the investment management company on Thursday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 11.09%. The ex-dividend date of this dividend is Wednesday, July 31st.
Stellus Capital Investment has raised its dividend payment by an average of 18.0% per year over the last three years. Stellus Capital Investment has a payout ratio of 94.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Stellus Capital Investment to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 93.6%.
Stellus Capital Investment Stock Performance
Shares of SCM stock opened at $14.39 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average price of $13.93 and a 200 day moving average price of $13.52. The company has a market cap of $347.23 million, a P/E ratio of 13.32 and a beta of 1.17. Stellus Capital Investment has a 12 month low of $12.19 and a 12 month high of $15.40.
Analyst Ratings Changes
Separately, B. Riley upgraded shares of Stellus Capital Investment from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $12.50 to $13.25 in a research note on Monday, May 13th.
Check Out Our Latest Analysis on Stellus Capital Investment
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.
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